This property looks like a bad Airbnb investment with a projected -17.71% first-year return on $121k initial cash invested.
-17.71%
Cash On Cash
2.02%
Cap Rate
0.33
DSCR
$2,539
Rent
-$1,781
Cashflow
Cash Flow
$2,539 income − $4,320 expenses = $1,781 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,760
Closing costs
1%
$4,888
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,539
Total Expenses
$4,320
Mortgage P&I
99%
$2,501
Property Taxes
17%
$428
Home Insurance
7%
$171
HOA
0%
$0
Property Management
15%
$381
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$635