This property looks like a bad Airbnb investment with a projected -25.51% first-year return on $126k initial cash invested.
-25.51%
Cash On Cash
0.48%
Cap Rate
0.07
DSCR
$847
Rent
-$2,673
Cashflow
Cash Flow
$847 income − $3,520 expenses = $2,673 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,130
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$847
Total Expenses
$3,520
Mortgage P&I
336%
$2,843
Property Taxes
11%
$90
Home Insurance
21%
$180
HOA
0%
$0
Property Management
15%
$127
CapEx
4%
$34
Vacancy
0%
$0
Maintenance
4%
$34
Other
25%
$212