This property looks like a bad Airbnb investment with a projected -17.54% first-year return on $123k initial cash invested.
-17.54%
Cash On Cash
2.59%
Cap Rate
0.39
DSCR
$2,488
Rent
-$1,795
Cashflow
Cash Flow
$2,488 income − $4,283 expenses = $1,795 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,488
Total Expenses
$4,283
Mortgage P&I
111%
$2,771
Property Taxes
6%
$142
Home Insurance
7%
$175
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$622