This property looks like a bad Airbnb investment with a projected -20.9% first-year return on $129k initial cash invested.
-20.9%
Cash On Cash
1.26%
Cap Rate
0.21
DSCR
$2,314
Rent
-$2,248
Cashflow
Cash Flow
$2,314 income − $4,562 expenses = $2,248 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,314
Total Expenses
$4,562
Mortgage P&I
117%
$2,711
Property Taxes
24%
$546
Home Insurance
8%
$194
HOA
0%
$0
Property Management
15%
$347
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$578