This property looks like a bad Airbnb investment with a projected -27.83% first-year return on $126k initial cash invested.
-27.83%
Cash On Cash
0.07%
Cap Rate
0.01
DSCR
$2,582
Rent
-$2,912
Cashflow
Cash Flow
$2,582 income − $5,494 expenses = $2,912 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$102k
Closing costs
1%
$5,121
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,582
Total Expenses
$5,494
Mortgage P&I
110%
$2,841
Property Taxes
48%
$1,230
Home Insurance
7%
$184
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$646