This property looks like a bad Airbnb investment with a projected -17.54% first-year return on $123k initial cash invested.
-17.54%
Cash On Cash
2.18%
Cap Rate
0.35
DSCR
$2,214
Rent
-$1,793
Cashflow
Cash Flow
$2,214 income − $4,007 expenses = $1,793 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,680
Closing costs
1%
$4,984
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,214
Total Expenses
$4,007
Mortgage P&I
118%
$2,611
Property Taxes
7%
$152
Home Insurance
8%
$180
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554