This property looks like a bad Airbnb investment with a projected -13.83% first-year return on $131k initial cash invested.
-13.83%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$3,111
Rent
-$1,508
Cashflow
Cash Flow
$3,111 income − $4,619 expenses = $1,508 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,374
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,111
Total Expenses
$4,619
Mortgage P&I
89%
$2,755
Property Taxes
6%
$173
Home Insurance
6%
$198
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$778