This property looks like a bad Airbnb investment with a projected -16.85% first-year return on $130k initial cash invested.
-16.85%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$3,013
Rent
-$1,828
Cashflow
Cash Flow
$3,013 income − $4,841 expenses = $1,828 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,341
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,013
Total Expenses
$4,841
Mortgage P&I
97%
$2,925
Property Taxes
9%
$277
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$452
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$753