This property looks like a bad Airbnb investment with a projected -18.89% first-year return on $128k initial cash invested.
-18.89%
Cash On Cash
1.96%
Cap Rate
0.31
DSCR
$2,411
Rent
-$2,021
Cashflow
Cash Flow
$2,411 income − $4,432 expenses = $2,021 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,258
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,411
Total Expenses
$4,432
Mortgage P&I
115%
$2,784
Property Taxes
13%
$304
Home Insurance
8%
$187
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$603