This property looks like a bad Airbnb investment with a projected -10.95% first-year return on $122k initial cash invested.
-10.95%
Cash On Cash
4.06%
Cap Rate
0.64
DSCR
$4,350
Rent
-$1,112
Cashflow
Cash Flow
$4,350 income − $5,462 expenses = $1,112 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,960
Closing costs
1%
$4,948
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,350
Total Expenses
$5,462
Mortgage P&I
60%
$2,611
Property Taxes
14%
$588
Home Insurance
4%
$175
HOA
0%
$0
Property Management
15%
$652
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,088