This property looks like a bad Airbnb investment with a projected -14.79% first-year return on $121k initial cash invested.
-14.79%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$2,775
Rent
-$1,490
Cashflow
Cash Flow
$2,775 income − $4,265 expenses = $1,490 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
$2,775
Total Expenses
$4,265
Mortgage P&I
97%
$2,683
Property Taxes
3%
$78
Home Insurance
6%
$172
HOA
0%
$0
Property Management
15%
$416
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$694