This property looks like a bad Airbnb investment with a projected -18.45% first-year return on $123k initial cash invested.
-18.45%
Cash On Cash
2.1%
Cap Rate
0.33
DSCR
$2,975
Rent
-$1,888
Cashflow
Cash Flow
$2,975 income − $4,863 expenses = $1,888 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,820
Closing costs
1%
$4,991
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,975
Total Expenses
$4,863
Mortgage P&I
89%
$2,643
Property Taxes
21%
$610
Home Insurance
6%
$182
HOA
0%
$0
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$744