This property looks like a bad Airbnb investment with a projected -24.4% first-year return on $123k initial cash invested.
-24.4%
Cash On Cash
0.8%
Cap Rate
0.12
DSCR
$1,687
Rent
-$2,495
Cashflow
Cash Flow
$1,687 income − $4,182 expenses = $2,495 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,700
Closing costs
1%
$4,985
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,687
Total Expenses
$4,182
Mortgage P&I
164%
$2,762
Property Taxes
26%
$431
Home Insurance
11%
$180
HOA
0%
$0
Property Management
15%
$253
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$422