This property looks like a bad Airbnb investment with a projected -13.98% first-year return on $121k initial cash invested.
-13.98%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$3,100
Rent
-$1,411
Cashflow
Cash Flow
$3,100 income − $4,511 expenses = $1,411 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,200
Closing costs
1%
$4,910
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,100
Total Expenses
$4,511
Mortgage P&I
88%
$2,716
Property Taxes
4%
$135
Home Insurance
6%
$172
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$775