This property looks like a bad Airbnb investment with a projected -21.24% first-year return on $126k initial cash invested.
-21.24%
Cash On Cash
1.63%
Cap Rate
0.25
DSCR
$3,049
Rent
-$2,223
Cashflow
Cash Flow
$3,049 income − $5,272 expenses = $2,223 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$102k
Closing costs
1%
$5,124
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,049
Total Expenses
$5,272
Mortgage P&I
92%
$2,796
Property Taxes
26%
$792
Home Insurance
7%
$200
HOA
1%
$21
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$762