This property looks like a bad Airbnb investment with a projected -19.31% first-year return on $126k initial cash invested.
-19.31%
Cash On Cash
1.44%
Cap Rate
0.24
DSCR
$2,289
Rent
-$2,033
Cashflow
Cash Flow
$2,289 income − $4,322 expenses = $2,033 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,158
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,289
Total Expenses
$4,322
Mortgage P&I
112%
$2,559
Property Taxes
21%
$480
Home Insurance
8%
$184
HOA
0%
$0
Property Management
15%
$343
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$572