This property looks like a bad Airbnb investment with a projected -28.32% first-year return on $123k initial cash invested.
-28.32%
Cash On Cash
-0.43%
Cap Rate
-0.07
DSCR
$1,504
Rent
-$2,910
Cashflow
Cash Flow
$1,504 income − $4,414 expenses = $2,910 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,014
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,504
Total Expenses
$4,414
Mortgage P&I
177%
$2,669
Property Taxes
57%
$860
Home Insurance
11%
$163
HOA
0%
$0
Property Management
15%
$226
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$376