This property looks like a bad Airbnb investment with a projected -23.67% first-year return on $122k initial cash invested.
-23.67%
Cash On Cash
0.74%
Cap Rate
0.12
DSCR
$2,087
Rent
-$2,397
Cashflow
Cash Flow
$2,087 income − $4,484 expenses = $2,397 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,087
Total Expenses
$4,484
Mortgage P&I
125%
$2,616
Property Taxes
31%
$639
Home Insurance
11%
$228
HOA
0%
$0
Property Management
15%
$313
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$522