This property looks like a bad Airbnb investment with a projected -14.8% first-year return on $122k initial cash invested.
-14.8%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$3,087
Rent
-$1,500
Cashflow
Cash Flow
$3,087 income − $4,587 expenses = $1,500 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,680
Closing costs
1%
$4,934
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,087
Total Expenses
$4,587
Mortgage P&I
82%
$2,530
Property Taxes
12%
$366
Home Insurance
6%
$192
HOA
1%
$18
Property Management
15%
$463
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$772