This property looks like a bad Airbnb investment with a projected -12.94% first-year return on $124k initial cash invested.
-12.94%
Cash On Cash
3.54%
Cap Rate
0.56
DSCR
$3,692
Rent
-$1,335
Cashflow
Cash Flow
$3,692 income − $5,027 expenses = $1,335 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,040
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,692
Total Expenses
$5,027
Mortgage P&I
72%
$2,673
Property Taxes
10%
$371
Home Insurance
6%
$210
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$923