This property looks like a bad Airbnb investment with a projected -12.86% first-year return on $123k initial cash invested.
-12.86%
Cash On Cash
3.36%
Cap Rate
0.54
DSCR
$3,649
Rent
-$1,316
Cashflow
Cash Flow
$3,649 income − $4,965 expenses = $1,316 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,840
Closing costs
1%
$4,992
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,649
Total Expenses
$4,965
Mortgage P&I
70%
$2,568
Property Taxes
13%
$471
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$547
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$912