This property looks like a bad Airbnb investment with a projected -12.13% first-year return on $123k initial cash invested.
-12.13%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$4,071
Rent
-$1,243
Cashflow
Cash Flow
$4,071 income − $5,314 expenses = $1,243 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,990
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,071
Total Expenses
$5,314
Mortgage P&I
66%
$2,701
Property Taxes
12%
$483
Home Insurance
4%
$175
HOA
0%
$0
Property Management
15%
$611
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,018