This property looks like a bad Airbnb investment with a projected -16.1% first-year return on $126k initial cash invested.
-16.1%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$2,357
Rent
-$1,696
Cashflow
Cash Flow
$2,357 income − $4,053 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,162
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,357
Total Expenses
$4,053
Mortgage P&I
112%
$2,637
Property Taxes
4%
$84
Home Insurance
9%
$201
HOA
0%
$0
Property Management
15%
$354
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$589