This property looks like a bad Airbnb investment with a projected -25.4% first-year return on $130k initial cash invested.
-25.4%
Cash On Cash
0.06%
Cap Rate
0.01
DSCR
$2,066
Rent
-$2,746
Cashflow
Cash Flow
$2,066 income − $4,812 expenses = $2,746 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,321
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,066
Total Expenses
$4,812
Mortgage P&I
130%
$2,691
Property Taxes
46%
$945
Home Insurance
9%
$184
HOA
0%
$0
Property Management
15%
$310
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$516