This property looks like a bad Airbnb investment with a projected -24.47% first-year return on $131k initial cash invested.
-24.47%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$2,294
Rent
-$2,679
Cashflow
Cash Flow
$2,294 income − $4,973 expenses = $2,679 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,398
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,294
Total Expenses
$4,973
Mortgage P&I
121%
$2,787
Property Taxes
24%
$546
Home Insurance
9%
$196
HOA
15%
$342
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$574