This property looks like a bad Airbnb investment with a projected -9.44% first-year return on $123k initial cash invested.
-9.44%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$4,699
Rent
-$966
Cashflow
Cash Flow
$4,699 income − $5,665 expenses = $966 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,699
Total Expenses
$5,665
Mortgage P&I
54%
$2,558
Property Taxes
9%
$441
Home Insurance
4%
$175
HOA
5%
$235
Property Management
15%
$705
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,175