This property looks like a bad Airbnb investment with a projected -24.26% first-year return on $122k initial cash invested.
-24.26%
Cash On Cash
0.78%
Cap Rate
0.12
DSCR
$1,140
Rent
-$2,465
Cashflow
Cash Flow
$1,140 income − $3,605 expenses = $2,465 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,960
Closing costs
1%
$4,948
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,140
Total Expenses
$3,605
Mortgage P&I
240%
$2,739
Property Taxes
12%
$134
Home Insurance
16%
$184
HOA
0%
$0
Property Management
15%
$171
CapEx
4%
$46
Vacancy
0%
$0
Maintenance
4%
$46
Other
25%
$285