This property looks like a bad Airbnb investment with a projected -9.77% first-year return on $125k initial cash invested.
-9.77%
Cash On Cash
4.25%
Cap Rate
0.69
DSCR
$5,012
Rent
-$1,017
Cashflow
Cash Flow
$5,012 income − $6,029 expenses = $1,017 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,090
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,012
Total Expenses
$6,029
Mortgage P&I
52%
$2,619
Property Taxes
17%
$827
Home Insurance
4%
$178
HOA
0%
$0
Property Management
15%
$752
CapEx
4%
$200
Vacancy
0%
$0
Maintenance
4%
$200
Other
25%
$1,253