This property looks like a bad Airbnb investment with a projected -12.75% first-year return on $123k initial cash invested.
-12.75%
Cash On Cash
3.18%
Cap Rate
0.53
DSCR
$3,187
Rent
-$1,307
Cashflow
Cash Flow
$3,187 income − $4,494 expenses = $1,307 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,187
Total Expenses
$4,494
Mortgage P&I
79%
$2,504
Property Taxes
9%
$286
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$478
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$797