This property looks like a bad Airbnb investment with a projected -15.19% first-year return on $131k initial cash invested.
-15.19%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$3,894
Rent
-$1,653
Cashflow
Cash Flow
$3,894 income − $5,547 expenses = $1,653 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,360
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,894
Total Expenses
$5,547
Mortgage P&I
76%
$2,954
Property Taxes
13%
$504
Home Insurance
6%
$219
HOA
0%
$0
Property Management
15%
$584
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$974