This property looks like a bad Airbnb investment with a projected -12.88% first-year return on $127k initial cash invested.
-12.88%
Cash On Cash
3.67%
Cap Rate
0.57
DSCR
$3,861
Rent
-$1,360
Cashflow
Cash Flow
$3,861 income − $5,221 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,176
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,861
Total Expenses
$5,221
Mortgage P&I
72%
$2,790
Property Taxes
10%
$369
Home Insurance
5%
$210
HOA
0%
$0
Property Management
15%
$579
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$965