This property looks like a bad Airbnb investment with a projected -23.93% first-year return on $131k initial cash invested.
-23.93%
Cash On Cash
0.86%
Cap Rate
0.13
DSCR
$2,166
Rent
-$2,604
Cashflow
Cash Flow
$2,166 income − $4,770 expenses = $2,604 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,362
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,166
Total Expenses
$4,770
Mortgage P&I
134%
$2,901
Property Taxes
28%
$609
Home Insurance
10%
$219
HOA
0%
$0
Property Management
15%
$325
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$542