This property looks like a bad Airbnb investment with a projected -16.43% first-year return on $130k initial cash invested.
-16.43%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$3,493
Rent
-$1,778
Cashflow
Cash Flow
$3,493 income − $5,271 expenses = $1,778 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,328
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,493
Total Expenses
$5,271
Mortgage P&I
77%
$2,694
Property Taxes
10%
$344
Home Insurance
5%
$189
HOA
11%
$367
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$873