This property looks like a bad Airbnb investment with a projected -18.7% first-year return on $130k initial cash invested.
-18.7%
Cash On Cash
2.21%
Cap Rate
0.34
DSCR
$2,950
Rent
-$2,029
Cashflow
Cash Flow
$2,950 income − $4,979 expenses = $2,029 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,342
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,950
Total Expenses
$4,979
Mortgage P&I
98%
$2,897
Property Taxes
16%
$477
Home Insurance
6%
$189
HOA
0%
$0
Property Management
15%
$442
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$738