This property looks like a bad Airbnb investment with a projected -13.78% first-year return on $130k initial cash invested.
-13.78%
Cash On Cash
3.08%
Cap Rate
0.5
DSCR
$3,456
Rent
-$1,495
Cashflow
Cash Flow
$3,456 income − $4,951 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,341
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,456
Total Expenses
$4,951
Mortgage P&I
79%
$2,728
Property Taxes
11%
$376
Home Insurance
5%
$189
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$864