This property looks like a bad Airbnb investment with a projected -16.03% first-year return on $125k initial cash invested.
-16.03%
Cash On Cash
2.47%
Cap Rate
0.4
DSCR
$2,877
Rent
-$1,665
Cashflow
Cash Flow
$2,877 income − $4,542 expenses = $1,665 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%
$5,077
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,877
Total Expenses
$4,542
Mortgage P&I
90%
$2,597
Property Taxes
13%
$386
Home Insurance
6%
$178
HOA
0%
$0
Property Management
15%
$432
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$719