This property looks like a bad Airbnb investment with a projected -17.63% first-year return on $121k initial cash invested.
-17.63%
Cash On Cash
2.05%
Cap Rate
0.33
DSCR
$2,641
Rent
-$1,777
Cashflow
Cash Flow
$2,641 income − $4,418 expenses = $1,777 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,040
Closing costs
1%
$4,902
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,641
Total Expenses
$4,418
Mortgage P&I
95%
$2,508
Property Taxes
18%
$467
Home Insurance
7%
$175
HOA
0%
$0
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$660