This property looks like a bad Airbnb investment with a projected -10.68% first-year return on $123k initial cash invested.
-10.68%
Cash On Cash
4.22%
Cap Rate
0.65
DSCR
$3,662
Rent
-$1,095
Cashflow
Cash Flow
$3,662 income − $4,757 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,662
Total Expenses
$4,757
Mortgage P&I
74%
$2,707
Property Taxes
2%
$69
Home Insurance
5%
$175
HOA
1%
$49
Property Management
15%
$549
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$916