This property looks like a bad Airbnb investment with a projected -13.47% first-year return on $121k initial cash invested.
-13.47%
Cash On Cash
3.13%
Cap Rate
0.51
DSCR
$3,211
Rent
-$1,362
Cashflow
Cash Flow
$3,211 income − $4,573 expenses = $1,362 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,400
Closing costs
1%
$4,920
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,211
Total Expenses
$4,573
Mortgage P&I
78%
$2,518
Property Taxes
10%
$319
Home Insurance
5%
$175
HOA
1%
$20
Property Management
15%
$482
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$803