This property looks like a bad Airbnb investment with a projected -16.01% first-year return on $121k initial cash invested.
-16.01%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$3,183
Rent
-$1,615
Cashflow
Cash Flow
$3,183 income − $4,798 expenses = $1,615 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,140
Closing costs
1%
$4,907
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,183
Total Expenses
$4,798
Mortgage P&I
84%
$2,661
Property Taxes
14%
$437
Home Insurance
5%
$173
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796