This property looks like a bad Airbnb investment with a projected -32.06% first-year return on $123k initial cash invested.
-32.06%
Cash On Cash
-1.26%
Cap Rate
-0.19
DSCR
$855
Rent
-$3,286
Cashflow
Cash Flow
$855 income − $4,141 expenses = $3,286 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$855
Total Expenses
$4,141
Mortgage P&I
319%
$2,729
Property Taxes
97%
$827
Home Insurance
20%
$175
HOA
0%
$0
Property Management
15%
$128
CapEx
4%
$34
Vacancy
0%
$0
Maintenance
4%
$34
Other
25%
$214