This property looks like a bad Airbnb investment with a projected -14.31% first-year return on $125k initial cash invested.
-14.31%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$2,756
Rent
-$1,492
Cashflow
Cash Flow
$2,756 income − $4,248 expenses = $1,492 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,102
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,756
Total Expenses
$4,248
Mortgage P&I
96%
$2,633
Property Taxes
4%
$101
Home Insurance
7%
$192
HOA
0%
$0
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$689