This property looks like a bad Airbnb investment with a projected -14.32% first-year return on $123k initial cash invested.
-14.32%
Cash On Cash
2.99%
Cap Rate
0.48
DSCR
$3,281
Rent
-$1,466
Cashflow
Cash Flow
$3,281 income − $4,747 expenses = $1,466 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%
$99,880
Closing costs
1%
$4,994
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,281
Total Expenses
$4,747
Mortgage P&I
79%
$2,580
Property Taxes
11%
$364
Home Insurance
5%
$179
HOA
2%
$50
Property Management
15%
$492
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$820