This property looks like a bad Airbnb investment with a projected -32.96% first-year return on $131k initial cash invested.
-32.96%
Cash On Cash
-1.76%
Cap Rate
-0.29
DSCR
$879
Rent
-$3,594
Cashflow
Cash Flow
$879 income − $4,473 expenses = $3,594 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,374
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$879
Total Expenses
$4,473
Mortgage P&I
315%
$2,769
Property Taxes
124%
$1,090
Home Insurance
22%
$192
HOA
0%
$0
Property Management
15%
$132
CapEx
4%
$35
Vacancy
0%
$0
Maintenance
4%
$35
Other
25%
$220