This property looks like a bad Airbnb investment with a projected -13.53% first-year return on $123k initial cash invested.
-13.53%
Cash On Cash
3.12%
Cap Rate
0.51
DSCR
$3,081
Rent
-$1,387
Cashflow
Cash Flow
$3,081 income − $4,468 expenses = $1,387 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,081
Total Expenses
$4,468
Mortgage P&I
83%
$2,564
Property Taxes
8%
$251
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$462
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$770