This property looks like a bad Airbnb investment with a projected -14.69% first-year return on $123k initial cash invested.
-14.69%
Cash On Cash
2.8%
Cap Rate
0.45
DSCR
$2,515
Rent
-$1,503
Cashflow
Cash Flow
$2,515 income − $4,018 expenses = $1,503 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,820
Closing costs
1%
$4,991
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,515
Total Expenses
$4,018
Mortgage P&I
102%
$2,568
Property Taxes
3%
$70
Home Insurance
7%
$172
HOA
0%
$0
Property Management
15%
$377
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$629