This property looks like a bad Airbnb investment with a projected -19.55% first-year return on $122k initial cash invested.
-19.55%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$2,178
Rent
-$1,981
Cashflow
Cash Flow
$2,178 income − $4,159 expenses = $1,981 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,640
Closing costs
1%
$4,932
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,178
Total Expenses
$4,159
Mortgage P&I
122%
$2,657
Property Taxes
14%
$299
Home Insurance
7%
$158
HOA
0%
$0
Property Management
15%
$327
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$544