This property looks like a bad Airbnb investment with a projected -5.79% first-year return on $125k initial cash invested.
-5.79%
Cash On Cash
5.57%
Cap Rate
0.86
DSCR
$5,385
Rent
-$605
Cashflow
Cash Flow
$5,385 income − $5,990 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$511k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,110
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,385
Total Expenses
$5,990
Mortgage P&I
51%
$2,760
Property Taxes
9%
$471
Home Insurance
3%
$175
HOA
0%
$0
Property Management
15%
$808
CapEx
4%
$215
Vacancy
0%
$0
Maintenance
4%
$215
Other
25%
$1,346