This property looks like a bad Airbnb investment with a projected -17.55% first-year return on $125k initial cash invested.
-17.55%
Cash On Cash
2.36%
Cap Rate
0.37
DSCR
$3,198
Rent
-$1,826
Cashflow
Cash Flow
$3,198 income − $5,024 expenses = $1,826 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,090
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,198
Total Expenses
$5,024
Mortgage P&I
84%
$2,697
Property Taxes
19%
$607
Home Insurance
6%
$184
HOA
0%
$0
Property Management
15%
$480
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$800