This property looks like a bad Airbnb investment with a projected -10.49% first-year return on $125k initial cash invested.
-10.49%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$3,885
Rent
-$1,094
Cashflow
Cash Flow
$3,885 income − $4,979 expenses = $1,094 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,885
Total Expenses
$4,979
Mortgage P&I
71%
$2,754
Property Taxes
3%
$128
Home Insurance
5%
$178
HOA
1%
$55
Property Management
15%
$583
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$971