This property looks like a bad Airbnb investment with a projected -19.03% first-year return on $130k initial cash invested.
-19.03%
Cash On Cash
2.16%
Cap Rate
0.33
DSCR
$2,498
Rent
-$2,055
Cashflow
Cash Flow
$2,498 income − $4,553 expenses = $2,055 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,313
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,498
Total Expenses
$4,553
Mortgage P&I
117%
$2,913
Property Taxes
10%
$249
Home Insurance
8%
$192
HOA
0%
$0
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$624