This property looks like a bad Airbnb investment with a projected -22.08% first-year return on $121k initial cash invested.
-22.08%
Cash On Cash
0.74%
Cap Rate
0.12
DSCR
$1,710
Rent
-$2,221
Cashflow
Cash Flow
$1,710 income − $3,931 expenses = $2,221 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,710
Total Expenses
$3,931
Mortgage P&I
144%
$2,456
Property Taxes
26%
$436
Home Insurance
13%
$219
HOA
0%
$0
Property Management
15%
$256
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$428