This property looks like a bad Airbnb investment with a projected -19.98% first-year return on $126k initial cash invested.
-19.98%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$2,873
Rent
-$2,102
Cashflow
Cash Flow
$2,873 income − $4,975 expenses = $2,102 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,154
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,873
Total Expenses
$4,975
Mortgage P&I
97%
$2,778
Property Taxes
22%
$636
Home Insurance
6%
$182
HOA
0%
$0
Property Management
15%
$431
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$718