This property looks like a bad Airbnb investment with a projected -16.22% first-year return on $129k initial cash invested.
-16.22%
Cash On Cash
2.5%
Cap Rate
0.4
DSCR
$2,971
Rent
-$1,745
Cashflow
Cash Flow
$2,971 income − $4,716 expenses = $1,745 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,291
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,971
Total Expenses
$4,716
Mortgage P&I
92%
$2,730
Property Taxes
12%
$367
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$743