This property looks like a bad Airbnb investment with a projected -13.56% first-year return on $130k initial cash invested.
-13.56%
Cash On Cash
3.61%
Cap Rate
0.55
DSCR
$3,366
Rent
-$1,468
Cashflow
Cash Flow
$3,366 income − $4,834 expenses = $1,468 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,328
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,366
Total Expenses
$4,834
Mortgage P&I
87%
$2,938
Property Taxes
3%
$88
Home Insurance
6%
$191
HOA
0%
$0
Property Management
15%
$505
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$842