This property looks like a bad Airbnb investment with a projected -16.4% first-year return on $121k initial cash invested.
-16.4%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$3,289
Rent
-$1,657
Cashflow
Cash Flow
$3,289 income − $4,946 expenses = $1,657 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,360
Closing costs
1%
$4,918
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,289
Total Expenses
$4,946
Mortgage P&I
82%
$2,710
Property Taxes
15%
$482
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$493
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$822