This property looks like a bad Airbnb investment with a projected -14.57% first-year return on $123k initial cash invested.
-14.57%
Cash On Cash
2.74%
Cap Rate
0.46
DSCR
$3,240
Rent
-$1,497
Cashflow
Cash Flow
$3,240 income − $4,737 expenses = $1,497 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,015
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,240
Total Expenses
$4,737
Mortgage P&I
78%
$2,512
Property Taxes
14%
$466
Home Insurance
5%
$173
HOA
1%
$30
Property Management
15%
$486
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$810