This property looks like a bad Airbnb investment with a projected -16.19% first-year return on $127k initial cash invested.
-16.19%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$3,127
Rent
-$1,709
Cashflow
Cash Flow
$3,127 income − $4,836 expenses = $1,709 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$103k
Closing costs
1%
$5,174
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,127
Total Expenses
$4,836
Mortgage P&I
92%
$2,868
Property Taxes
9%
$284
Home Insurance
6%
$183
HOA
0%
$0
Property Management
15%
$469
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$782