This property looks like a bad Airbnb investment with a projected -21.51% first-year return on $126k initial cash invested.
-21.51%
Cash On Cash
1.65%
Cap Rate
0.25
DSCR
$2,577
Rent
-$2,264
Cashflow
Cash Flow
$2,577 income − $4,841 expenses = $2,264 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,157
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,577
Total Expenses
$4,841
Mortgage P&I
111%
$2,870
Property Taxes
21%
$550
Home Insurance
7%
$184
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$644