This property looks like a bad Airbnb investment with a projected -13.4% first-year return on $131k initial cash invested.
-13.4%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$4,462
Rent
-$1,466
Cashflow
Cash Flow
$4,462 income − $5,928 expenses = $1,466 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,395
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,462
Total Expenses
$5,928
Mortgage P&I
64%
$2,870
Property Taxes
16%
$693
Home Insurance
4%
$192
HOA
1%
$32
Property Management
15%
$669
CapEx
4%
$178
Vacancy
0%
$0
Maintenance
4%
$178
Other
25%
$1,116