This property looks like a bad Airbnb investment with a projected -16.3% first-year return on $129k initial cash invested.
-16.3%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$3,369
Rent
-$1,753
Cashflow
Cash Flow
$3,369 income − $5,122 expenses = $1,753 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,369
Total Expenses
$5,122
Mortgage P&I
88%
$2,977
Property Taxes
10%
$343
Home Insurance
5%
$185
HOA
0%
$0
Property Management
15%
$505
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$842