This property looks like a bad Airbnb investment with a projected -20.29% first-year return on $125k initial cash invested.
-20.29%
Cash On Cash
1.38%
Cap Rate
0.22
DSCR
$2,289
Rent
-$2,109
Cashflow
Cash Flow
$2,289 income − $4,398 expenses = $2,109 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,083
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,289
Total Expenses
$4,398
Mortgage P&I
114%
$2,601
Property Taxes
16%
$368
Home Insurance
8%
$180
HOA
7%
$150
Property Management
15%
$343
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$572