This property looks like a bad Airbnb investment with a projected -21.8% first-year return on $123k initial cash invested.
-21.8%
Cash On Cash
0.99%
Cap Rate
0.16
DSCR
$1,563
Rent
-$2,234
Cashflow
Cash Flow
$1,563 income − $3,797 expenses = $2,234 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,563
Total Expenses
$3,797
Mortgage P&I
165%
$2,582
Property Taxes
18%
$289
Home Insurance
11%
$175
HOA
0%
$0
Property Management
15%
$234
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$391