This property looks like a bad Airbnb investment with a projected -11.2% first-year return on $123k initial cash invested.
-11.2%
Cash On Cash
3.77%
Cap Rate
0.61
DSCR
$3,266
Rent
-$1,148
Cashflow
Cash Flow
$3,266 income − $4,414 expenses = $1,148 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,266
Total Expenses
$4,414
Mortgage P&I
79%
$2,589
Property Taxes
3%
$82
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$490
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$816