This property looks like a bad Airbnb investment with a projected -5.17% first-year return on $127k initial cash invested.
-5.17%
Cash On Cash
5.33%
Cap Rate
0.87
DSCR
$4,725
Rent
-$546
Cashflow
Cash Flow
$4,725 income − $5,271 expenses = $546 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,178
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,725
Total Expenses
$5,271
Mortgage P&I
56%
$2,655
Property Taxes
3%
$164
Home Insurance
4%
$184
HOA
0%
$0
Property Management
15%
$709
CapEx
4%
$189
Vacancy
0%
$0
Maintenance
4%
$189
Other
25%
$1,181