This property looks like a bad Airbnb investment with a projected -25.46% first-year return on $123k initial cash invested.
-25.46%
Cash On Cash
0.02%
Cap Rate
0
DSCR
$954
Rent
-$2,605
Cashflow
Cash Flow
$954 income − $3,559 expenses = $2,605 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%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$954
Total Expenses
$3,559
Mortgage P&I
270%
$2,577
Property Taxes
37%
$350
Home Insurance
18%
$175
HOA
0%
$0
Property Management
15%
$143
CapEx
4%
$38
Vacancy
0%
$0
Maintenance
4%
$38
Other
25%
$238