This property looks like a bad Airbnb investment with a projected -18.89% first-year return on $129k initial cash invested.
-18.89%
Cash On Cash
1.67%
Cap Rate
0.27
DSCR
$1,866
Rent
-$2,027
Cashflow
Cash Flow
$1,866 income − $3,893 expenses = $2,027 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$105k
Closing costs
1%
$5,273
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,866
Total Expenses
$3,893
Mortgage P&I
144%
$2,685
Property Taxes
5%
$95
Home Insurance
12%
$217
HOA
0%
$0
Property Management
15%
$280
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$466