This property looks like a bad Airbnb investment with a projected -16.01% first-year return on $122k initial cash invested.
-16.01%
Cash On Cash
3.09%
Cap Rate
0.46
DSCR
$3,301
Rent
-$1,633
Cashflow
Cash Flow
$3,301 income − $4,934 expenses = $1,633 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,301
Total Expenses
$4,934
Mortgage P&I
84%
$2,780
Property Taxes
13%
$413
Home Insurance
5%
$157
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$825