This property looks like a bad Airbnb investment with a projected -30.04% first-year return on $122k initial cash invested.
-30.04%
Cash On Cash
-0.82%
Cap Rate
-0.13
DSCR
$604
Rent
-$3,061
Cashflow
Cash Flow
$604 income − $3,665 expenses = $3,061 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,300
Closing costs
1%
$4,965
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$604
Total Expenses
$3,665
Mortgage P&I
447%
$2,697
Property Taxes
83%
$504
Home Insurance
29%
$174
HOA
0%
$0
Property Management
15%
$91
CapEx
4%
$24
Vacancy
0%
$0
Maintenance
4%
$24
Other
25%
$151