This property looks like a bad Airbnb investment with a projected -25.24% first-year return on $126k initial cash invested.
-25.24%
Cash On Cash
0.11%
Cap Rate
0.02
DSCR
$1,847
Rent
-$2,647
Cashflow
Cash Flow
$1,847 income − $4,494 expenses = $2,647 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,136
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,847
Total Expenses
$4,494
Mortgage P&I
142%
$2,622
Property Taxes
42%
$770
Home Insurance
11%
$198
HOA
1%
$17
Property Management
15%
$277
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$462