This property looks like a bad Airbnb investment with a projected -18.92% first-year return on $121k initial cash invested.
-18.92%
Cash On Cash
2.03%
Cap Rate
0.32
DSCR
$2,953
Rent
-$1,909
Cashflow
Cash Flow
$2,953 income − $4,862 expenses = $1,909 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,200
Closing costs
1%
$4,910
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,953
Total Expenses
$4,862
Mortgage P&I
89%
$2,621
Property Taxes
22%
$640
Home Insurance
6%
$184
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$738