This property looks like a bad Airbnb investment with a projected -11.5% first-year return on $132k initial cash invested.
-11.5%
Cash On Cash
3.86%
Cap Rate
0.61
DSCR
$3,923
Rent
-$1,261
Cashflow
Cash Flow
$3,923 income − $5,184 expenses = $1,261 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,411
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,923
Total Expenses
$5,184
Mortgage P&I
72%
$2,843
Property Taxes
6%
$241
Home Insurance
5%
$194
HOA
1%
$23
Property Management
15%
$588
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$981