This property looks like a bad Airbnb investment with a projected -18.46% first-year return on $124k initial cash invested.
-18.46%
Cash On Cash
1.72%
Cap Rate
0.29
DSCR
$3,065
Rent
-$1,910
Cashflow
Cash Flow
$3,065 income − $4,975 expenses = $1,910 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,055
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,065
Total Expenses
$4,975
Mortgage P&I
82%
$2,512
Property Taxes
27%
$820
Home Insurance
6%
$171
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$766