This property looks like a bad Airbnb investment with a projected -5.21% first-year return on $123k initial cash invested.
-5.21%
Cash On Cash
5.4%
Cap Rate
0.87
DSCR
$5,098
Rent
-$534
Cashflow
Cash Flow
$5,098 income − $5,632 expenses = $534 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,098
Total Expenses
$5,632
Mortgage P&I
51%
$2,582
Property Taxes
8%
$428
Home Insurance
3%
$175
HOA
0%
$0
Property Management
15%
$765
CapEx
4%
$204
Vacancy
0%
$0
Maintenance
4%
$204
Other
25%
$1,274