This property looks like a bad Airbnb investment with a projected -21.61% first-year return on $129k initial cash invested.
-21.61%
Cash On Cash
1.11%
Cap Rate
0.18
DSCR
$2,074
Rent
-$2,331
Cashflow
Cash Flow
$2,074 income − $4,405 expenses = $2,331 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,306
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,074
Total Expenses
$4,405
Mortgage P&I
132%
$2,741
Property Taxes
23%
$477
Home Insurance
9%
$192
HOA
0%
$0
Property Management
15%
$311
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$518