This property looks like a bad Airbnb investment with a projected -24.21% first-year return on $125k initial cash invested.
-24.21%
Cash On Cash
0.15%
Cap Rate
0.03
DSCR
$1,376
Rent
-$2,523
Cashflow
Cash Flow
$1,376 income − $3,899 expenses = $2,523 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,097
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,376
Total Expenses
$3,899
Mortgage P&I
184%
$2,533
Property Taxes
38%
$522
Home Insurance
13%
$184
HOA
0%
$0
Property Management
15%
$206
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$344