This property looks like a bad Airbnb investment with a projected -12.72% first-year return on $131k initial cash invested.
-12.72%
Cash On Cash
3.33%
Cap Rate
0.55
DSCR
$3,990
Rent
-$1,386
Cashflow
Cash Flow
$3,990 income − $5,376 expenses = $1,386 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,368
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,990
Total Expenses
$5,376
Mortgage P&I
68%
$2,715
Property Taxes
8%
$337
Home Insurance
5%
$206
HOA
5%
$202
Property Management
15%
$598
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$998