This property looks like a bad Airbnb investment with a projected -18.45% first-year return on $127k initial cash invested.
-18.45%
Cash On Cash
1.93%
Cap Rate
0.31
DSCR
$3,195
Rent
-$1,952
Cashflow
Cash Flow
$3,195 income − $5,147 expenses = $1,952 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,190
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,195
Total Expenses
$5,147
Mortgage P&I
83%
$2,660
Property Taxes
14%
$459
Home Insurance
6%
$184
HOA
10%
$310
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$799