This property looks like a bad Airbnb investment with a projected -19% first-year return on $129k initial cash invested.
-19%
Cash On Cash
1.76%
Cap Rate
0.29
DSCR
$2,549
Rent
-$2,046
Cashflow
Cash Flow
$2,549 income − $4,595 expenses = $2,046 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,295
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,549
Total Expenses
$4,595
Mortgage P&I
107%
$2,719
Property Taxes
18%
$452
Home Insurance
8%
$192
HOA
0%
$9
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$637