This property looks like a bad Airbnb investment with a projected -9.53% first-year return on $127k initial cash invested.
-9.53%
Cash On Cash
4.18%
Cap Rate
0.68
DSCR
$4,022
Rent
-$1,005
Cashflow
Cash Flow
$4,022 income − $5,027 expenses = $1,005 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$103k
Closing costs
1%
$5,172
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,022
Total Expenses
$5,027
Mortgage P&I
66%
$2,647
Property Taxes
7%
$262
Home Insurance
5%
$187
HOA
0%
$0
Property Management
15%
$603
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,006