This property looks like a bad Airbnb investment with a projected -14.41% first-year return on $121k initial cash invested.
-14.41%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$4,184
Rent
-$1,449
Cashflow
Cash Flow
$4,184 income − $5,633 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,184
Total Expenses
$5,633
Mortgage P&I
63%
$2,636
Property Taxes
20%
$818
Home Insurance
4%
$171
HOA
0%
$0
Property Management
15%
$628
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,046