This property looks like a bad Airbnb investment with a projected -14.66% first-year return on $131k initial cash invested.
-14.66%
Cash On Cash
2.79%
Cap Rate
0.46
DSCR
$3,221
Rent
-$1,600
Cashflow
Cash Flow
$3,221 income − $4,821 expenses = $1,600 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,381
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,221
Total Expenses
$4,821
Mortgage P&I
85%
$2,722
Property Taxes
10%
$336
Home Insurance
6%
$195
HOA
1%
$22
Property Management
15%
$483
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$805