This property looks like a bad Airbnb investment with a projected -12.12% first-year return on $125k initial cash invested.
-12.12%
Cash On Cash
4.12%
Cap Rate
0.61
DSCR
$3,662
Rent
-$1,264
Cashflow
Cash Flow
$3,662 income − $4,926 expenses = $1,264 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,662
Total Expenses
$4,926
Mortgage P&I
78%
$2,870
Property Taxes
3%
$109
Home Insurance
5%
$178
HOA
0%
$12
Property Management
15%
$549
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$916