This property looks like a bad Airbnb investment with a projected -15.09% first-year return on $123k initial cash invested.
-15.09%
Cash On Cash
2.93%
Cap Rate
0.46
DSCR
$2,922
Rent
-$1,544
Cashflow
Cash Flow
$2,922 income − $4,466 expenses = $1,544 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,922
Total Expenses
$4,466
Mortgage P&I
90%
$2,644
Property Taxes
4%
$112
Home Insurance
6%
$175
HOA
5%
$133
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730