This property looks like a bad Airbnb investment with a projected -12.74% first-year return on $125k initial cash invested.
-12.74%
Cash On Cash
3.72%
Cap Rate
0.57
DSCR
$3,674
Rent
-$1,328
Cashflow
Cash Flow
$3,674 income − $5,002 expenses = $1,328 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,674
Total Expenses
$5,002
Mortgage P&I
75%
$2,762
Property Taxes
7%
$274
Home Insurance
5%
$178
HOA
1%
$25
Property Management
15%
$551
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$918