This property looks like a bad Airbnb investment with a projected -24.6% first-year return on $127k initial cash invested.
-24.6%
Cash On Cash
0.84%
Cap Rate
0.13
DSCR
$2,907
Rent
-$2,603
Cashflow
Cash Flow
$2,907 income − $5,510 expenses = $2,603 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,189
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,907
Total Expenses
$5,510
Mortgage P&I
98%
$2,849
Property Taxes
37%
$1,082
Home Insurance
6%
$184
HOA
0%
$0
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$727