This property looks like a bad Airbnb investment with a projected -21.63% first-year return on $129k initial cash invested.
-21.63%
Cash On Cash
1.1%
Cap Rate
0.18
DSCR
$2,292
Rent
-$2,327
Cashflow
Cash Flow
$2,292 income − $4,619 expenses = $2,327 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,292
Total Expenses
$4,619
Mortgage P&I
119%
$2,722
Property Taxes
26%
$594
Home Insurance
8%
$185
HOA
1%
$17
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$573