This property looks like a bad Airbnb investment with a projected -17.51% first-year return on $125k initial cash invested.
-17.51%
Cash On Cash
2.12%
Cap Rate
0.34
DSCR
$2,778
Rent
-$1,820
Cashflow
Cash Flow
$2,778 income − $4,598 expenses = $1,820 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,084
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$4,598
Mortgage P&I
94%
$2,607
Property Taxes
17%
$480
Home Insurance
6%
$178
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$694