This property looks like a bad Airbnb investment with a projected -17.02% first-year return on $121k initial cash invested.
-17.02%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$3,364
Rent
-$1,714
Cashflow
Cash Flow
$3,364 income − $5,078 expenses = $1,714 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,364
Total Expenses
$5,078
Mortgage P&I
80%
$2,686
Property Taxes
18%
$604
Home Insurance
5%
$172
HOA
0%
$0
Property Management
15%
$505
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$841