This property looks like a bad Airbnb investment with a projected -13.89% first-year return on $127k initial cash invested.
-13.89%
Cash On Cash
3.1%
Cap Rate
0.5
DSCR
$3,172
Rent
-$1,472
Cashflow
Cash Flow
$3,172 income − $4,644 expenses = $1,472 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,172
Total Expenses
$4,644
Mortgage P&I
85%
$2,686
Property Taxes
6%
$199
Home Insurance
6%
$186
HOA
2%
$50
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$793