This property looks like a bad Airbnb investment with a projected -23.49% first-year return on $131k initial cash invested.
-23.49%
Cash On Cash
1.05%
Cap Rate
0.16
DSCR
$2,104
Rent
-$2,560
Cashflow
Cash Flow
$2,104 income − $4,664 expenses = $2,560 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,370
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,104
Total Expenses
$4,664
Mortgage P&I
140%
$2,947
Property Taxes
25%
$519
Home Insurance
9%
$188
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526