This property looks like a bad Airbnb investment with a projected -16.42% first-year return on $121k initial cash invested.
-16.42%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$2,705
Rent
-$1,657
Cashflow
Cash Flow
$2,705 income − $4,362 expenses = $1,657 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,220
Closing costs
1%
$4,911
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,705
Total Expenses
$4,362
Mortgage P&I
92%
$2,501
Property Taxes
14%
$388
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$676