This property looks like a bad Airbnb investment with a projected -16.36% first-year return on $121k initial cash invested.
-16.36%
Cash On Cash
2.43%
Cap Rate
0.39
DSCR
$3,116
Rent
-$1,648
Cashflow
Cash Flow
$3,116 income − $4,764 expenses = $1,648 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,116
Total Expenses
$4,764
Mortgage P&I
81%
$2,515
Property Taxes
19%
$581
Home Insurance
6%
$172
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$779