This property looks like a bad Airbnb investment with a projected -19.71% first-year return on $129k initial cash invested.
-19.71%
Cash On Cash
2.06%
Cap Rate
0.31
DSCR
$2,753
Rent
-$2,120
Cashflow
Cash Flow
$2,753 income − $4,873 expenses = $2,120 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,753
Total Expenses
$4,873
Mortgage P&I
106%
$2,920
Property Taxes
16%
$447
Home Insurance
7%
$185
HOA
0%
$0
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$688