This property looks like a bad Airbnb investment with a projected -18.32% first-year return on $126k initial cash invested.
-18.32%
Cash On Cash
2.34%
Cap Rate
0.36
DSCR
$3,210
Rent
-$1,929
Cashflow
Cash Flow
$3,210 income − $5,139 expenses = $1,929 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,160
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,210
Total Expenses
$5,139
Mortgage P&I
88%
$2,809
Property Taxes
19%
$603
Home Insurance
6%
$187
HOA
0%
$0
Property Management
15%
$482
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$802