This property looks like a bad Airbnb investment with a projected -20.12% first-year return on $125k initial cash invested.
-20.12%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$2,642
Rent
-$2,089
Cashflow
Cash Flow
$2,642 income − $4,731 expenses = $2,089 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,076
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,642
Total Expenses
$4,731
Mortgage P&I
106%
$2,813
Property Taxes
15%
$397
Home Insurance
7%
$178
HOA
3%
$75
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$660