This property looks like a bad Airbnb investment with a projected -23.51% first-year return on $123k initial cash invested.
-23.51%
Cash On Cash
1.02%
Cap Rate
0.15
DSCR
$1,772
Rent
-$2,409
Cashflow
Cash Flow
$1,772 income − $4,181 expenses = $2,409 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,772
Total Expenses
$4,181
Mortgage P&I
156%
$2,762
Property Taxes
14%
$243
Home Insurance
10%
$175
HOA
8%
$150
Property Management
15%
$266
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$443