This property looks like a bad Airbnb investment with a projected -19.55% first-year return on $127k initial cash invested.
-19.55%
Cash On Cash
2.23%
Cap Rate
0.33
DSCR
$2,822
Rent
-$2,075
Cashflow
Cash Flow
$2,822 income − $4,897 expenses = $2,075 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,209
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,822
Total Expenses
$4,897
Mortgage P&I
104%
$2,931
Property Taxes
15%
$427
Home Insurance
7%
$184
HOA
0%
$0
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$706