This property looks like a bad Airbnb investment with a projected -19.45% first-year return on $124k initial cash invested.
-19.45%
Cash On Cash
1.54%
Cap Rate
0.25
DSCR
$2,062
Rent
-$2,006
Cashflow
Cash Flow
$2,062 income − $4,068 expenses = $2,006 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,036
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,062
Total Expenses
$4,068
Mortgage P&I
125%
$2,571
Property Taxes
16%
$324
Home Insurance
9%
$184
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$516