This property looks like a bad Airbnb investment with a projected -15.46% first-year return on $123k initial cash invested.
-15.46%
Cash On Cash
2.74%
Cap Rate
0.44
DSCR
$3,075
Rent
-$1,580
Cashflow
Cash Flow
$3,075 income − $4,655 expenses = $1,580 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,640
Closing costs
1%
$4,982
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,075
Total Expenses
$4,655
Mortgage P&I
84%
$2,596
Property Taxes
13%
$408
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$461
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$769