This property looks like a bad Airbnb investment with a projected -16.05% first-year return on $123k initial cash invested.
-16.05%
Cash On Cash
2.43%
Cap Rate
0.4
DSCR
$2,656
Rent
-$1,644
Cashflow
Cash Flow
$2,656 income − $4,300 expenses = $1,644 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,945
Closing costs
1%
$4,997
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,656
Total Expenses
$4,300
Mortgage P&I
96%
$2,551
Property Taxes
11%
$287
Home Insurance
7%
$175
HOA
0%
$13
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664