This property looks like a bad Airbnb investment with a projected -27.3% first-year return on $122k initial cash invested.
-27.3%
Cash On Cash
-0.42%
Cap Rate
-0.07
DSCR
$1,336
Rent
-$2,782
Cashflow
Cash Flow
$1,336 income − $4,118 expenses = $2,782 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,320
Closing costs
1%
$4,966
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,336
Total Expenses
$4,118
Mortgage P&I
191%
$2,556
Property Taxes
50%
$667
Home Insurance
13%
$178
HOA
6%
$77
Property Management
15%
$200
CapEx
4%
$53
Vacancy
0%
$0
Maintenance
4%
$53
Other
25%
$334