This property looks like a bad Airbnb investment with a projected -20.1% first-year return on $125k initial cash invested.
-20.1%
Cash On Cash
1.6%
Cap Rate
0.26
DSCR
$3,509
Rent
-$2,088
Cashflow
Cash Flow
$3,509 income − $5,597 expenses = $2,088 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,078
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,509
Total Expenses
$5,597
Mortgage P&I
75%
$2,623
Property Taxes
15%
$510
Home Insurance
5%
$180
HOA
17%
$601
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$877