This property looks like a bad Airbnb investment with a projected -10.91% first-year return on $128k initial cash invested.
-10.91%
Cash On Cash
3.9%
Cap Rate
0.63
DSCR
$3,983
Rent
-$1,166
Cashflow
Cash Flow
$3,983 income − $5,149 expenses = $1,166 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,249
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,983
Total Expenses
$5,149
Mortgage P&I
68%
$2,712
Property Taxes
9%
$342
Home Insurance
5%
$184
HOA
0%
$0
Property Management
15%
$597
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$996