This property looks like a bad Airbnb investment with a projected -19.4% first-year return on $122k initial cash invested.
-19.4%
Cash On Cash
1.77%
Cap Rate
0.28
DSCR
$2,475
Rent
-$1,975
Cashflow
Cash Flow
$2,475 income − $4,450 expenses = $1,975 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,180
Closing costs
1%
$4,959
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,475
Total Expenses
$4,450
Mortgage P&I
105%
$2,609
Property Taxes
19%
$469
Home Insurance
7%
$184
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$619