This property looks like a bad Airbnb investment with a projected -20.06% first-year return on $129k initial cash invested.
-20.06%
Cash On Cash
1.93%
Cap Rate
0.29
DSCR
$2,778
Rent
-$2,160
Cashflow
Cash Flow
$2,778 income − $4,938 expenses = $2,160 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,295
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$4,938
Mortgage P&I
104%
$2,902
Property Taxes
19%
$517
Home Insurance
7%
$186
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$694