This property looks like a bad Airbnb investment with a projected -32.16% first-year return on $123k initial cash invested.
-32.16%
Cash On Cash
-1.35%
Cap Rate
-0.21
DSCR
$1,816
Rent
-$3,296
Cashflow
Cash Flow
$1,816 income − $5,112 expenses = $3,296 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,816
Total Expenses
$5,112
Mortgage P&I
147%
$2,661
Property Taxes
37%
$673
Home Insurance
10%
$175
HOA
40%
$731
Property Management
15%
$272
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$454