This property looks like a bad Airbnb investment with a projected -14.64% first-year return on $131k initial cash invested.
-14.64%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$3,989
Rent
-$1,600
Cashflow
Cash Flow
$3,989 income − $5,589 expenses = $1,600 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,989
Total Expenses
$5,589
Mortgage P&I
74%
$2,954
Property Taxes
13%
$531
Home Insurance
5%
$189
HOA
0%
$0
Property Management
15%
$598
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$997