This property looks like a bad Airbnb investment with a projected -14.56% first-year return on $121k initial cash invested.
-14.56%
Cash On Cash
2.83%
Cap Rate
0.46
DSCR
$2,689
Rent
-$1,470
Cashflow
Cash Flow
$2,689 income − $4,159 expenses = $1,470 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,260
Closing costs
1%
$4,913
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,689
Total Expenses
$4,159
Mortgage P&I
94%
$2,521
Property Taxes
6%
$172
Home Insurance
7%
$175
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$672