This property looks like a bad Airbnb investment with a projected -13.46% first-year return on $125k initial cash invested.
-13.46%
Cash On Cash
3.1%
Cap Rate
0.51
DSCR
$3,027
Rent
-$1,407
Cashflow
Cash Flow
$3,027 income − $4,434 expenses = $1,407 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,118
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,027
Total Expenses
$4,434
Mortgage P&I
86%
$2,609
Property Taxes
5%
$162
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$757