This property looks like a bad Airbnb investment with a projected -16.21% first-year return on $129k initial cash invested.
-16.21%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$2,821
Rent
-$1,743
Cashflow
Cash Flow
$2,821 income − $4,564 expenses = $1,743 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,288
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,821
Total Expenses
$4,564
Mortgage P&I
103%
$2,896
Property Taxes
2%
$66
Home Insurance
7%
$192
HOA
2%
$56
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$705