This property looks like a bad Airbnb investment with a projected -22.67% first-year return on $121k initial cash invested.
-22.67%
Cash On Cash
1.28%
Cap Rate
0.19
DSCR
$2,400
Rent
-$2,290
Cashflow
Cash Flow
$2,400 income − $4,690 expenses = $2,290 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,300
Closing costs
1%
$4,915
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$4,690
Mortgage P&I
113%
$2,720
Property Taxes
13%
$321
Home Insurance
8%
$180
HOA
13%
$317
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$600