This property looks like a bad Airbnb investment with a projected -21.67% first-year return on $123k initial cash invested.
-21.67%
Cash On Cash
1.02%
Cap Rate
0.17
DSCR
$2,381
Rent
-$2,221
Cashflow
Cash Flow
$2,381 income − $4,602 expenses = $2,221 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,381
Total Expenses
$4,602
Mortgage P&I
107%
$2,553
Property Taxes
31%
$732
Home Insurance
7%
$175
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$595