This property looks like a bad Airbnb investment with a projected -12.52% first-year return on $123k initial cash invested.
-12.52%
Cash On Cash
3.22%
Cap Rate
0.54
DSCR
$3,021
Rent
-$1,283
Cashflow
Cash Flow
$3,021 income − $4,304 expenses = $1,283 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,021
Total Expenses
$4,304
Mortgage P&I
83%
$2,504
Property Taxes
6%
$175
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$755