This property looks like a bad Airbnb investment with a projected -17.9% first-year return on $127k initial cash invested.
-17.9%
Cash On Cash
2.03%
Cap Rate
0.33
DSCR
$3,421
Rent
-$1,900
Cashflow
Cash Flow
$3,421 income − $5,321 expenses = $1,900 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,207
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,421
Total Expenses
$5,321
Mortgage P&I
77%
$2,642
Property Taxes
14%
$488
Home Insurance
6%
$192
HOA
10%
$357
Property Management
15%
$513
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$855