This property looks like a bad Airbnb investment with a projected -19.23% first-year return on $123k initial cash invested.
-19.23%
Cash On Cash
1.92%
Cap Rate
0.3
DSCR
$2,948
Rent
-$1,971
Cashflow
Cash Flow
$2,948 income − $4,919 expenses = $1,971 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,948
Total Expenses
$4,919
Mortgage P&I
90%
$2,651
Property Taxes
23%
$678
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$442
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$737