This property looks like a bad Airbnb investment with a projected -15.89% first-year return on $123k initial cash invested.
-15.89%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$3,407
Rent
-$1,623
Cashflow
Cash Flow
$3,407 income − $5,030 expenses = $1,623 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%
$99,580
Closing costs
1%
$4,979
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,407
Total Expenses
$5,030
Mortgage P&I
80%
$2,725
Property Taxes
14%
$480
Home Insurance
5%
$175
HOA
0%
$15
Property Management
15%
$511
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$852