This property looks like a bad Airbnb investment with a projected -23.15% first-year return on $128k initial cash invested.
-23.15%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$2,018
Rent
-$2,468
Cashflow
Cash Flow
$2,018 income − $4,486 expenses = $2,468 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,234
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,018
Total Expenses
$4,486
Mortgage P&I
141%
$2,839
Property Taxes
24%
$494
Home Insurance
9%
$184
HOA
0%
$0
Property Management
15%
$303
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$504