This property looks like a bad Airbnb investment with a projected -14.09% first-year return on $131k initial cash invested.
-14.09%
Cash On Cash
3.04%
Cap Rate
0.5
DSCR
$3,885
Rent
-$1,533
Cashflow
Cash Flow
$3,885 income − $5,418 expenses = $1,533 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,362
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,885
Total Expenses
$5,418
Mortgage P&I
70%
$2,736
Property Taxes
16%
$629
Home Insurance
5%
$189
HOA
0%
$0
Property Management
15%
$583
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$971