This property looks like a bad Airbnb investment with a projected -16.03% first-year return on $124k initial cash invested.
-16.03%
Cash On Cash
3.01%
Cap Rate
0.45
DSCR
$3,463
Rent
-$1,660
Cashflow
Cash Flow
$3,463 income − $5,123 expenses = $1,660 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,061
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,463
Total Expenses
$5,123
Mortgage P&I
81%
$2,789
Property Taxes
14%
$493
Home Insurance
5%
$178
HOA
0%
$0
Property Management
15%
$519
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$866