This property looks like a bad Airbnb investment with a projected -17.64% first-year return on $123k initial cash invested.
-17.64%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$2,968
Rent
-$1,805
Cashflow
Cash Flow
$2,968 income − $4,773 expenses = $1,805 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,968
Total Expenses
$4,773
Mortgage P&I
91%
$2,691
Property Taxes
16%
$482
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742