This property looks like a bad Airbnb investment with a projected -15.15% first-year return on $123k initial cash invested.
-15.15%
Cash On Cash
2.87%
Cap Rate
0.46
DSCR
$3,690
Rent
-$1,550
Cashflow
Cash Flow
$3,690 income − $5,240 expenses = $1,550 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,690
Total Expenses
$5,240
Mortgage P&I
70%
$2,595
Property Taxes
19%
$698
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$922