This property looks like a bad Airbnb investment with a projected -12.88% first-year return on $123k initial cash invested.
-12.88%
Cash On Cash
3.95%
Cap Rate
0.59
DSCR
$4,263
Rent
-$1,318
Cashflow
Cash Flow
$4,263 income − $5,581 expenses = $1,318 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,263
Total Expenses
$5,581
Mortgage P&I
65%
$2,790
Property Taxes
13%
$569
Home Insurance
4%
$175
HOA
0%
$0
Property Management
15%
$639
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,066