This property looks like a bad Airbnb investment with a projected -16.53% first-year return on $131k initial cash invested.
-16.53%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$2,849
Rent
-$1,810
Cashflow
Cash Flow
$2,849 income − $4,659 expenses = $1,810 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,849
Total Expenses
$4,659
Mortgage P&I
104%
$2,955
Property Taxes
5%
$148
Home Insurance
7%
$189
HOA
0%
$0
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712