This property looks like a bad Airbnb investment with a projected -11.71% first-year return on $130k initial cash invested.
-11.71%
Cash On Cash
3.64%
Cap Rate
0.59
DSCR
$3,852
Rent
-$1,265
Cashflow
Cash Flow
$3,852 income − $5,117 expenses = $1,265 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,317
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,852
Total Expenses
$5,117
Mortgage P&I
71%
$2,724
Property Taxes
8%
$311
Home Insurance
5%
$187
HOA
1%
$46
Property Management
15%
$578
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$963