This property looks like a bad Airbnb investment with a projected -18% first-year return on $129k initial cash invested.
-18%
Cash On Cash
1.93%
Cap Rate
0.32
DSCR
$2,275
Rent
-$1,939
Cashflow
Cash Flow
$2,275 income − $4,214 expenses = $1,939 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,275
Total Expenses
$4,214
Mortgage P&I
119%
$2,699
Property Taxes
10%
$217
Home Insurance
8%
$186
HOA
1%
$20
Property Management
15%
$341
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$569