This property looks like a bad Airbnb investment with a projected -17.74% first-year return on $121k initial cash invested.
-17.74%
Cash On Cash
1.95%
Cap Rate
0.32
DSCR
$2,065
Rent
-$1,787
Cashflow
Cash Flow
$2,065 income − $3,852 expenses = $1,787 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%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,065
Total Expenses
$3,852
Mortgage P&I
121%
$2,499
Property Taxes
9%
$190
Home Insurance
8%
$171
HOA
0%
$0
Property Management
15%
$310
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$516