This property looks like a bad Airbnb investment with a projected -18.25% first-year return on $130k initial cash invested.
-18.25%
Cash On Cash
2.02%
Cap Rate
0.32
DSCR
$2,493
Rent
-$1,982
Cashflow
Cash Flow
$2,493 income − $4,475 expenses = $1,982 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,493
Total Expenses
$4,475
Mortgage P&I
112%
$2,783
Property Taxes
12%
$308
Home Insurance
8%
$187
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$623