This property looks like a bad Airbnb investment with a projected -15.27% first-year return on $122k initial cash invested.
-15.27%
Cash On Cash
3.39%
Cap Rate
0.49
DSCR
$3,065
Rent
-$1,552
Cashflow
Cash Flow
$3,065 income − $4,617 expenses = $1,552 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,065
Total Expenses
$4,617
Mortgage P&I
92%
$2,826
Property Taxes
5%
$146
Home Insurance
6%
$173
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$766