This property looks like a bad Airbnb investment with a projected -10.93% first-year return on $121k initial cash invested.
-10.93%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$3,997
Rent
-$1,101
Cashflow
Cash Flow
$3,997 income − $5,098 expenses = $1,101 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,997
Total Expenses
$5,098
Mortgage P&I
68%
$2,700
Property Taxes
8%
$307
Home Insurance
4%
$172
HOA
0%
$0
Property Management
15%
$600
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$999