This property looks like a bad Airbnb investment with a projected -20.15% first-year return on $123k initial cash invested.
-20.15%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$2,454
Rent
-$2,065
Cashflow
Cash Flow
$2,454 income − $4,519 expenses = $2,065 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,454
Total Expenses
$4,519
Mortgage P&I
110%
$2,704
Property Taxes
19%
$462
Home Insurance
7%
$175
HOA
0%
$0
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$614