This property looks like a bad Airbnb investment with a projected -14.47% first-year return on $123k initial cash invested.
-14.47%
Cash On Cash
3.01%
Cap Rate
0.48
DSCR
$3,463
Rent
-$1,483
Cashflow
Cash Flow
$3,463 income − $4,946 expenses = $1,483 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,463
Total Expenses
$4,946
Mortgage P&I
75%
$2,598
Property Taxes
15%
$510
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$519
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$866