This property looks like a bad Airbnb investment with a projected -5.05% first-year return on $128k initial cash invested.
-5.05%
Cash On Cash
5.84%
Cap Rate
0.89
DSCR
$5,587
Rent
-$540
Cashflow
Cash Flow
$5,587 income − $6,127 expenses = $540 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,587
Total Expenses
$6,127
Mortgage P&I
51%
$2,873
Property Taxes
7%
$389
Home Insurance
3%
$184
HOA
0%
$0
Property Management
15%
$838
CapEx
4%
$223
Vacancy
0%
$0
Maintenance
4%
$223
Other
25%
$1,397