This property looks like a bad Airbnb investment with a projected -18.88% first-year return on $128k initial cash invested.
-18.88%
Cash On Cash
1.62%
Cap Rate
0.27
DSCR
$1,864
Rent
-$2,007
Cashflow
Cash Flow
$1,864 income − $3,871 expenses = $2,007 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,217
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,864
Total Expenses
$3,871
Mortgage P&I
141%
$2,635
Property Taxes
8%
$148
Home Insurance
10%
$192
HOA
0%
$0
Property Management
15%
$280
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$466