This property looks like a bad Airbnb investment with a projected -24.75% first-year return on $127k initial cash invested.
-24.75%
Cash On Cash
0.34%
Cap Rate
0.05
DSCR
$1,527
Rent
-$2,624
Cashflow
Cash Flow
$1,527 income − $4,151 expenses = $2,624 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,202
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,527
Total Expenses
$4,151
Mortgage P&I
178%
$2,712
Property Taxes
33%
$504
Home Insurance
12%
$182
HOA
1%
$20
Property Management
15%
$229
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$382