This property looks like a bad Airbnb investment with a projected -17.78% first-year return on $130k initial cash invested.
-17.78%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$2,668
Rent
-$1,921
Cashflow
Cash Flow
$2,668 income − $4,589 expenses = $1,921 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,318
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,668
Total Expenses
$4,589
Mortgage P&I
102%
$2,729
Property Taxes
15%
$395
Home Insurance
7%
$184
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$667