This property looks like a bad Airbnb investment with a projected -26.02% first-year return on $121k initial cash invested.
-26.02%
Cash On Cash
0.23%
Cap Rate
0.03
DSCR
$1,820
Rent
-$2,618
Cashflow
Cash Flow
$1,820 income − $4,438 expenses = $2,618 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,860
Closing costs
1%
$4,893
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,820
Total Expenses
$4,438
Mortgage P&I
145%
$2,637
Property Taxes
42%
$763
Home Insurance
9%
$164
HOA
0%
$0
Property Management
15%
$273
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$455