This property looks like a bad Airbnb investment with a projected -20.82% first-year return on $122k initial cash invested.
-20.82%
Cash On Cash
1.68%
Cap Rate
0.25
DSCR
$2,338
Rent
-$2,111
Cashflow
Cash Flow
$2,338 income − $4,449 expenses = $2,111 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,760
Closing costs
1%
$4,938
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,338
Total Expenses
$4,449
Mortgage P&I
116%
$2,707
Property Taxes
20%
$470
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$584