This property looks like a bad Airbnb investment with a projected -21.93% first-year return on $127k initial cash invested.
-21.93%
Cash On Cash
1.34%
Cap Rate
0.21
DSCR
$2,346
Rent
-$2,317
Cashflow
Cash Flow
$2,346 income − $4,663 expenses = $2,317 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,180
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,346
Total Expenses
$4,663
Mortgage P&I
119%
$2,801
Property Taxes
23%
$551
Home Insurance
8%
$185
HOA
0%
$0
Property Management
15%
$352
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$586