This property looks like a bad Airbnb investment with a projected -14.16% first-year return on $125k initial cash invested.
-14.16%
Cash On Cash
3.03%
Cap Rate
0.49
DSCR
$3,234
Rent
-$1,471
Cashflow
Cash Flow
$3,234 income − $4,705 expenses = $1,471 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,079
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,234
Total Expenses
$4,705
Mortgage P&I
81%
$2,624
Property Taxes
9%
$295
Home Insurance
6%
$182
HOA
2%
$53
Property Management
15%
$485
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$808