This property looks like a bad Airbnb investment with a projected -20.87% first-year return on $129k initial cash invested.
-20.87%
Cash On Cash
1.32%
Cap Rate
0.21
DSCR
$1,955
Rent
-$2,244
Cashflow
Cash Flow
$1,955 income − $4,199 expenses = $2,244 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,287
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,955
Total Expenses
$4,199
Mortgage P&I
141%
$2,748
Property Taxes
16%
$319
Home Insurance
10%
$189
HOA
0%
$5
Property Management
15%
$293
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$489