This property looks like a bad Airbnb investment with a projected -20.6% first-year return on $128k initial cash invested.
-20.6%
Cash On Cash
1.78%
Cap Rate
0.27
DSCR
$2,127
Rent
-$2,189
Cashflow
Cash Flow
$2,127 income − $4,316 expenses = $2,189 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,216
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,127
Total Expenses
$4,316
Mortgage P&I
135%
$2,879
Property Taxes
11%
$230
Home Insurance
9%
$186
HOA
0%
$0
Property Management
15%
$319
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$532