This property looks like a bad Airbnb investment with a projected -27.76% first-year return on $126k initial cash invested.
-27.76%
Cash On Cash
-0.11%
Cap Rate
-0.02
DSCR
$758
Rent
-$2,908
Cashflow
Cash Flow
$758 income − $3,666 expenses = $2,908 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,129
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$758
Total Expenses
$3,666
Mortgage P&I
373%
$2,829
Property Taxes
38%
$289
Home Insurance
24%
$184
HOA
0%
$0
Property Management
15%
$114
CapEx
4%
$30
Vacancy
0%
$0
Maintenance
4%
$30
Other
25%
$190