This property looks like a bad Airbnb investment with a projected -21.65% first-year return on $131k initial cash invested.
-21.65%
Cash On Cash
1.51%
Cap Rate
0.23
DSCR
$2,396
Rent
-$2,357
Cashflow
Cash Flow
$2,396 income − $4,753 expenses = $2,357 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,363
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,396
Total Expenses
$4,753
Mortgage P&I
123%
$2,937
Property Taxes
17%
$396
Home Insurance
8%
$192
HOA
3%
$78
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$599