This property looks like a bad Airbnb investment with a projected -25.57% first-year return on $123k initial cash invested.
-25.57%
Cash On Cash
0.45%
Cap Rate
0.07
DSCR
$1,750
Rent
-$2,611
Cashflow
Cash Flow
$1,750 income − $4,361 expenses = $2,611 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,540
Closing costs
1%
$4,977
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,750
Total Expenses
$4,361
Mortgage P&I
156%
$2,728
Property Taxes
28%
$488
Home Insurance
10%
$175
HOA
7%
$130
Property Management
15%
$262
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438