This property looks like a bad Airbnb investment with a projected -14.23% first-year return on $124k initial cash invested.
-14.23%
Cash On Cash
3.08%
Cap Rate
0.49
DSCR
$3,280
Rent
-$1,468
Cashflow
Cash Flow
$3,280 income − $4,748 expenses = $1,468 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,036
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,280
Total Expenses
$4,748
Mortgage P&I
80%
$2,629
Property Taxes
10%
$329
Home Insurance
6%
$184
HOA
1%
$32
Property Management
15%
$492
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$820