This property looks like a bad Airbnb investment with a projected -15.94% first-year return on $126k initial cash invested.
-15.94%
Cash On Cash
3.07%
Cap Rate
0.46
DSCR
$3,107
Rent
-$1,671
Cashflow
Cash Flow
$3,107 income − $4,778 expenses = $1,671 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,133
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,107
Total Expenses
$4,778
Mortgage P&I
92%
$2,859
Property Taxes
8%
$245
Home Insurance
6%
$183
HOA
0%
$0
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$777