This property looks like a bad Airbnb investment with a projected -18.61% first-year return on $121k initial cash invested.
-18.61%
Cash On Cash
1.79%
Cap Rate
0.29
DSCR
$2,083
Rent
-$1,875
Cashflow
Cash Flow
$2,083 income − $3,958 expenses = $1,875 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,083
Total Expenses
$3,958
Mortgage P&I
121%
$2,521
Property Taxes
13%
$266
Home Insurance
8%
$172
HOA
0%
$0
Property Management
15%
$312
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$521