This property looks like a bad Airbnb investment with a projected -20.17% first-year return on $124k initial cash invested.
-20.17%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$3,169
Rent
-$2,089
Cashflow
Cash Flow
$3,169 income − $5,258 expenses = $2,089 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,061
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,169
Total Expenses
$5,258
Mortgage P&I
87%
$2,772
Property Taxes
25%
$790
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$475
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$792