This property looks like a bad Airbnb investment with a projected -20.46% first-year return on $123k initial cash invested.
-20.46%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$2,199
Rent
-$2,091
Cashflow
Cash Flow
$2,199 income − $4,290 expenses = $2,091 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,640
Closing costs
1%
$4,982
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,199
Total Expenses
$4,290
Mortgage P&I
118%
$2,592
Property Taxes
21%
$467
Home Insurance
8%
$175
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550