This property looks like a bad Airbnb investment with a projected -21.64% first-year return on $121k initial cash invested.
-21.64%
Cash On Cash
0.95%
Cap Rate
0.16
DSCR
$2,258
Rent
-$2,176
Cashflow
Cash Flow
$2,258 income − $4,434 expenses = $2,176 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,258
Total Expenses
$4,434
Mortgage P&I
110%
$2,473
Property Taxes
31%
$707
Home Insurance
8%
$171
HOA
0%
$0
Property Management
15%
$339
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$564