This property looks like a bad Airbnb investment with a projected -8.72% first-year return on $121k initial cash invested.
-8.72%
Cash On Cash
4.76%
Cap Rate
0.74
DSCR
$4,461
Rent
-$879
Cashflow
Cash Flow
$4,461 income − $5,340 expenses = $879 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,461
Total Expenses
$5,340
Mortgage P&I
59%
$2,646
Property Taxes
9%
$381
Home Insurance
4%
$173
HOA
0%
$0
Property Management
15%
$669
CapEx
4%
$178
Vacancy
0%
$0
Maintenance
4%
$178
Other
25%
$1,115