This property looks like a bad Airbnb investment with a projected -19.65% first-year return on $122k initial cash invested.
-19.65%
Cash On Cash
1.62%
Cap Rate
0.26
DSCR
$2,013
Rent
-$1,997
Cashflow
Cash Flow
$2,013 income − $4,010 expenses = $1,997 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,013
Total Expenses
$4,010
Mortgage P&I
128%
$2,585
Property Taxes
14%
$285
Home Insurance
9%
$173
HOA
0%
$0
Property Management
15%
$302
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$503