This property looks like a bad Airbnb investment with a projected -11.45% first-year return on $123k initial cash invested.
-11.45%
Cash On Cash
3.74%
Cap Rate
0.6
DSCR
$3,328
Rent
-$1,172
Cashflow
Cash Flow
$3,328 income − $4,500 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,880
Closing costs
1%
$4,994
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,328
Total Expenses
$4,500
Mortgage P&I
78%
$2,594
Property Taxes
3%
$94
Home Insurance
5%
$175
HOA
1%
$40
Property Management
15%
$499
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$832