This property looks like a bad Airbnb investment with a projected -12.08% first-year return on $130k initial cash invested.
-12.08%
Cash On Cash
4.07%
Cap Rate
0.61
DSCR
$3,809
Rent
-$1,307
Cashflow
Cash Flow
$3,809 income − $5,116 expenses = $1,307 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,328
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,809
Total Expenses
$5,116
Mortgage P&I
78%
$2,963
Property Taxes
4%
$134
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$571
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$952