This property looks like a bad Airbnb investment with a projected -18.06% first-year return on $127k initial cash invested.
-18.06%
Cash On Cash
2.45%
Cap Rate
0.37
DSCR
$2,906
Rent
-$1,910
Cashflow
Cash Flow
$2,906 income − $4,816 expenses = $1,910 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,185
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,906
Total Expenses
$4,816
Mortgage P&I
98%
$2,854
Property Taxes
13%
$384
Home Insurance
6%
$184
HOA
0%
$0
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$726