This property looks like a bad Airbnb investment with a projected -19.78% first-year return on $125k initial cash invested.
-19.78%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$2,689
Rent
-$2,059
Cashflow
Cash Flow
$2,689 income − $4,748 expenses = $2,059 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,091
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,689
Total Expenses
$4,748
Mortgage P&I
104%
$2,794
Property Taxes
18%
$476
Home Insurance
7%
$185
HOA
0%
$2
Property Management
15%
$403
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$672