This property looks like a bad Airbnb investment with a projected -10.31% first-year return on $121k initial cash invested.
-10.31%
Cash On Cash
4.56%
Cap Rate
0.69
DSCR
$4,735
Rent
-$1,038
Cashflow
Cash Flow
$4,735 income − $5,773 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,735
Total Expenses
$5,773
Mortgage P&I
57%
$2,711
Property Taxes
13%
$632
Home Insurance
3%
$158
HOA
0%
$0
Property Management
15%
$710
CapEx
4%
$189
Vacancy
0%
$0
Maintenance
4%
$189
Other
25%
$1,184