This property looks like a bad Airbnb investment with a projected -12.53% first-year return on $132k initial cash invested.
-12.53%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$3,243
Rent
-$1,374
Cashflow
Cash Flow
$3,243 income − $4,617 expenses = $1,374 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$102k
Closing costs
1%
$5,122
Rehab
0%
$0
Furnishing
5%
$24,000
Cashflow
Total Income
$3,243
Total Expenses
$4,617
Mortgage P&I
81%
$2,628
Property Taxes
6%
$198
Home Insurance
6%
$184
HOA
2%
$50
Property Management
15%
$486
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$811