This property looks like a bad Airbnb investment with a projected -17.26% first-year return on $128k initial cash invested.
-17.26%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$2,412
Rent
-$1,848
Cashflow
Cash Flow
$2,412 income − $4,260 expenses = $1,848 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,260
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,412
Total Expenses
$4,260
Mortgage P&I
110%
$2,657
Property Taxes
9%
$207
Home Insurance
8%
$189
HOA
2%
$50
Property Management
15%
$362
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$603