This property looks like a bad Airbnb investment with a projected -18.08% first-year return on $126k initial cash invested.
-18.08%
Cash On Cash
1.95%
Cap Rate
0.32
DSCR
$3,109
Rent
-$1,891
Cashflow
Cash Flow
$3,109 income − $5,000 expenses = $1,891 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$102k
Closing costs
1%
$5,120
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,109
Total Expenses
$5,000
Mortgage P&I
84%
$2,598
Property Taxes
23%
$715
Home Insurance
6%
$196
HOA
0%
$0
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$777