This property looks like a bad Airbnb investment with a projected -15.26% first-year return on $128k initial cash invested.
-15.26%
Cash On Cash
2.68%
Cap Rate
0.44
DSCR
$2,810
Rent
-$1,625
Cashflow
Cash Flow
$2,810 income − $4,435 expenses = $1,625 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,227
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,810
Total Expenses
$4,435
Mortgage P&I
95%
$2,680
Property Taxes
8%
$215
Home Insurance
7%
$192
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$702