This property looks like a bad Airbnb investment with a projected -26.56% first-year return on $121k initial cash invested.
-26.56%
Cash On Cash
-0.36%
Cap Rate
-0.06
DSCR
$1,298
Rent
-$2,668
Cashflow
Cash Flow
$1,298 income − $3,966 expenses = $2,668 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,660
Closing costs
1%
$4,883
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,298
Total Expenses
$3,966
Mortgage P&I
190%
$2,471
Property Taxes
54%
$699
Home Insurance
13%
$173
HOA
0%
$0
Property Management
15%
$195
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$324