This property looks like a bad Airbnb investment with a projected -20.5% first-year return on $130k initial cash invested.
-20.5%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$2,214
Rent
-$2,227
Cashflow
Cash Flow
$2,214 income − $4,441 expenses = $2,227 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,214
Total Expenses
$4,441
Mortgage P&I
132%
$2,927
Property Taxes
10%
$228
Home Insurance
8%
$187
HOA
2%
$35
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554