This property looks like a bad Airbnb investment with a projected -24.02% first-year return on $128k initial cash invested.
-24.02%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$1,999
Rent
-$2,560
Cashflow
Cash Flow
$1,999 income − $4,559 expenses = $2,560 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,233
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,999
Total Expenses
$4,559
Mortgage P&I
134%
$2,672
Property Taxes
37%
$741
Home Insurance
9%
$186
HOA
0%
$0
Property Management
15%
$300
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$500