This property looks like a bad Airbnb investment with a projected -15.22% first-year return on $122k initial cash invested.
-15.22%
Cash On Cash
2.73%
Cap Rate
0.44
DSCR
$3,176
Rent
-$1,541
Cashflow
Cash Flow
$3,176 income − $4,717 expenses = $1,541 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,600
Closing costs
1%
$4,930
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,176
Total Expenses
$4,717
Mortgage P&I
80%
$2,535
Property Taxes
15%
$485
Home Insurance
5%
$173
HOA
0%
$0
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$794