This property looks like a bad Airbnb investment with a projected -18.97% first-year return on $129k initial cash invested.
-18.97%
Cash On Cash
1.91%
Cap Rate
0.31
DSCR
$3,686
Rent
-$2,041
Cashflow
Cash Flow
$3,686 income − $5,727 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,686
Total Expenses
$5,727
Mortgage P&I
74%
$2,734
Property Taxes
27%
$1,011
Home Insurance
5%
$191
HOA
1%
$22
Property Management
15%
$553
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$922