This property looks like a bad Airbnb investment with a projected -23.16% first-year return on $123k initial cash invested.
-23.16%
Cash On Cash
1.05%
Cap Rate
0.16
DSCR
$1,672
Rent
-$2,380
Cashflow
Cash Flow
$1,672 income − $4,052 expenses = $2,380 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,016
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,672
Total Expenses
$4,052
Mortgage P&I
164%
$2,750
Property Taxes
18%
$305
Home Insurance
11%
$184
HOA
1%
$10
Property Management
15%
$251
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$418