This property looks like a bad Airbnb investment with a projected -22.77% first-year return on $124k initial cash invested.
-22.77%
Cash On Cash
0.77%
Cap Rate
0.12
DSCR
$1,410
Rent
-$2,353
Cashflow
Cash Flow
$1,410 income − $3,763 expenses = $2,353 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,048
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,410
Total Expenses
$3,763
Mortgage P&I
186%
$2,623
Property Taxes
19%
$269
Home Insurance
13%
$181
HOA
1%
$14
Property Management
15%
$212
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$352