This property looks like a bad Airbnb investment with a projected -10.78% first-year return on $124k initial cash invested.
-10.78%
Cash On Cash
3.85%
Cap Rate
0.63
DSCR
$3,811
Rent
-$1,115
Cashflow
Cash Flow
$3,811 income − $4,926 expenses = $1,115 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,053
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,811
Total Expenses
$4,926
Mortgage P&I
68%
$2,586
Property Taxes
9%
$327
Home Insurance
5%
$184
HOA
0%
$0
Property Management
15%
$572
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$953