This property looks like a bad Airbnb investment with a projected -13.03% first-year return on $125k initial cash invested.
-13.03%
Cash On Cash
3.8%
Cap Rate
0.57
DSCR
$3,435
Rent
-$1,357
Cashflow
Cash Flow
$3,435 income − $4,792 expenses = $1,357 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,094
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,435
Total Expenses
$4,792
Mortgage P&I
82%
$2,832
Property Taxes
3%
$94
Home Insurance
5%
$178
HOA
1%
$40
Property Management
15%
$515
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$859