This property looks like a bad Airbnb investment with a projected -14.91% first-year return on $123k initial cash invested.
-14.91%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$3,304
Rent
-$1,527
Cashflow
Cash Flow
$3,304 income − $4,831 expenses = $1,527 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,940
Closing costs
1%
$4,997
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,304
Total Expenses
$4,831
Mortgage P&I
83%
$2,727
Property Taxes
9%
$284
Home Insurance
5%
$180
HOA
2%
$54
Property Management
15%
$496
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$826