This property looks like a bad Airbnb investment with a projected -16.09% first-year return on $122k initial cash invested.
-16.09%
Cash On Cash
2.48%
Cap Rate
0.4
DSCR
$2,972
Rent
-$1,638
Cashflow
Cash Flow
$2,972 income − $4,610 expenses = $1,638 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,180
Closing costs
1%
$4,959
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,972
Total Expenses
$4,610
Mortgage P&I
86%
$2,544
Property Taxes
16%
$464
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$743