This property looks like a bad Airbnb investment with a projected -19.74% first-year return on $129k initial cash invested.
-19.74%
Cash On Cash
1.91%
Cap Rate
0.29
DSCR
$2,666
Rent
-$2,125
Cashflow
Cash Flow
$2,666 income − $4,791 expenses = $2,125 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,294
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$4,791
Mortgage P&I
107%
$2,860
Property Taxes
18%
$478
Home Insurance
6%
$173
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$666