This property looks like a bad Airbnb investment with a projected -19.46% first-year return on $123k initial cash invested.
-19.46%
Cash On Cash
1.53%
Cap Rate
0.25
DSCR
$1,694
Rent
-$1,991
Cashflow
Cash Flow
$1,694 income − $3,685 expenses = $1,991 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,760
Closing costs
1%
$4,988
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,694
Total Expenses
$3,685
Mortgage P&I
151%
$2,557
Property Taxes
8%
$129
Home Insurance
11%
$185
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$424