This property looks like a bad Airbnb investment with a projected -16.95% first-year return on $131k initial cash invested.
-16.95%
Cash On Cash
3.01%
Cap Rate
0.44
DSCR
$3,875
Rent
-$1,853
Cashflow
Cash Flow
$3,875 income − $5,728 expenses = $1,853 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,389
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,875
Total Expenses
$5,728
Mortgage P&I
79%
$3,051
Property Taxes
16%
$626
Home Insurance
5%
$191
HOA
0%
$0
Property Management
15%
$581
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$969