This property looks like a bad Airbnb investment with a projected -20.74% first-year return on $123k initial cash invested.
-20.74%
Cash On Cash
1.22%
Cap Rate
0.2
DSCR
$1,565
Rent
-$2,122
Cashflow
Cash Flow
$1,565 income − $3,687 expenses = $2,122 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,565
Total Expenses
$3,687
Mortgage P&I
164%
$2,568
Property Taxes
12%
$189
Home Insurance
11%
$175
HOA
0%
$3
Property Management
15%
$235
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$391