This property looks like a bad Airbnb investment with a projected -22% first-year return on $122k initial cash invested.
-22%
Cash On Cash
0.91%
Cap Rate
0.15
DSCR
$2,184
Rent
-$2,233
Cashflow
Cash Flow
$2,184 income − $4,417 expenses = $2,233 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,860
Closing costs
1%
$4,943
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,184
Total Expenses
$4,417
Mortgage P&I
115%
$2,521
Property Taxes
31%
$673
Home Insurance
8%
$175
HOA
0%
$0
Property Management
15%
$328
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$546