This property looks like a bad Airbnb investment with a projected -12.78% first-year return on $128k initial cash invested.
-12.78%
Cash On Cash
3.63%
Cap Rate
0.57
DSCR
$3,986
Rent
-$1,366
Cashflow
Cash Flow
$3,986 income − $5,352 expenses = $1,366 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,986
Total Expenses
$5,352
Mortgage P&I
70%
$2,797
Property Taxes
12%
$459
Home Insurance
5%
$184
HOA
0%
$0
Property Management
15%
$598
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$996