This property looks like a bad Airbnb investment with a projected -14.88% first-year return on $131k initial cash invested.
-14.88%
Cash On Cash
3.54%
Cap Rate
0.52
DSCR
$3,440
Rent
-$1,627
Cashflow
Cash Flow
$3,440 income − $5,067 expenses = $1,627 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,440
Total Expenses
$5,067
Mortgage P&I
89%
$3,077
Property Taxes
4%
$149
Home Insurance
5%
$189
HOA
0%
$0
Property Management
15%
$516
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$860