This property looks like a bad Airbnb investment with a projected -31.25% first-year return on $129k initial cash invested.
-31.25%
Cash On Cash
-1.44%
Cap Rate
-0.23
DSCR
$261
Rent
-$3,353
Cashflow
Cash Flow
$261 income − $3,614 expenses = $3,353 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,275
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$261
Total Expenses
$3,614
Mortgage P&I
1038%
$2,708
Property Taxes
229%
$598
Home Insurance
71%
$184
HOA
0%
$0
Property Management
15%
$39
CapEx
4%
$10
Vacancy
0%
$0
Maintenance
4%
$10
Other
25%
$65