This property looks like a bad Airbnb investment with a projected -11.64% first-year return on $126k initial cash invested.
-11.64%
Cash On Cash
3.71%
Cap Rate
0.6
DSCR
$3,876
Rent
-$1,225
Cashflow
Cash Flow
$3,876 income − $5,101 expenses = $1,225 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,155
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,876
Total Expenses
$5,101
Mortgage P&I
69%
$2,663
Property Taxes
10%
$372
Home Insurance
5%
$184
HOA
1%
$22
Property Management
15%
$581
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$969