This property looks like a bad Airbnb investment with a projected -18.67% first-year return on $130k initial cash invested.
-18.67%
Cash On Cash
1.81%
Cap Rate
0.3
DSCR
$2,507
Rent
-$2,020
Cashflow
Cash Flow
$2,507 income − $4,527 expenses = $2,020 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,324
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,507
Total Expenses
$4,527
Mortgage P&I
109%
$2,724
Property Taxes
16%
$413
Home Insurance
7%
$187
HOA
0%
$0
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$627