This property looks like a bad Airbnb investment with a projected -19.18% first-year return on $125k initial cash invested.
-19.18%
Cash On Cash
1.59%
Cap Rate
0.26
DSCR
$2,485
Rent
-$1,994
Cashflow
Cash Flow
$2,485 income − $4,479 expenses = $1,994 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,083
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,485
Total Expenses
$4,479
Mortgage P&I
103%
$2,570
Property Taxes
22%
$539
Home Insurance
7%
$178
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$621