This property looks like a bad Airbnb investment with a projected -13.62% first-year return on $124k initial cash invested.
-13.62%
Cash On Cash
3.11%
Cap Rate
0.51
DSCR
$3,160
Rent
-$1,407
Cashflow
Cash Flow
$3,160 income − $4,567 expenses = $1,407 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,047
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,160
Total Expenses
$4,567
Mortgage P&I
82%
$2,588
Property Taxes
9%
$285
Home Insurance
6%
$178
HOA
0%
$0
Property Management
15%
$474
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$790