This property looks like a bad Airbnb investment with a projected -31.4% first-year return on $131k initial cash invested.
-31.4%
Cash On Cash
-1.47%
Cap Rate
-0.24
DSCR
$110
Rent
-$3,425
Cashflow
Cash Flow
$110 income − $3,535 expenses = $3,425 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,375
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$110
Total Expenses
$3,535
Mortgage P&I
2513%
$2,764
Property Taxes
482%
$530
Home Insurance
172%
$189
HOA
0%
$0
Property Management
15%
$16
CapEx
4%
$4
Vacancy
0%
$0
Maintenance
4%
$4
Other
25%
$28