This property looks like a bad Airbnb investment with a projected -13.01% first-year return on $130k initial cash invested.
-13.01%
Cash On Cash
3.33%
Cap Rate
0.54
DSCR
$3,363
Rent
-$1,410
Cashflow
Cash Flow
$3,363 income − $4,773 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,338
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,363
Total Expenses
$4,773
Mortgage P&I
82%
$2,758
Property Taxes
6%
$208
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$504
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$841