This property looks like a bad Airbnb investment with a projected -22.49% first-year return on $122k initial cash invested.
-22.49%
Cash On Cash
0.82%
Cap Rate
0.13
DSCR
$1,864
Rent
-$2,284
Cashflow
Cash Flow
$1,864 income − $4,148 expenses = $2,284 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,940
Closing costs
1%
$4,947
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,864
Total Expenses
$4,148
Mortgage P&I
137%
$2,548
Property Taxes
25%
$457
Home Insurance
9%
$175
HOA
4%
$72
Property Management
15%
$280
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$466