This property looks like a bad Airbnb investment with a projected -27.54% first-year return on $130k initial cash invested.
-27.54%
Cash On Cash
0.01%
Cap Rate
0
DSCR
$1,250
Rent
-$2,973
Cashflow
Cash Flow
$1,250 income − $4,223 expenses = $2,973 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,311
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,250
Total Expenses
$4,223
Mortgage P&I
234%
$2,927
Property Taxes
40%
$504
Home Insurance
15%
$192
HOA
0%
$0
Property Management
15%
$188
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$312