This property looks like a bad Airbnb investment with a projected -16.97% first-year return on $132k initial cash invested.
-16.97%
Cash On Cash
2.67%
Cap Rate
0.41
DSCR
$3,435
Rent
-$1,860
Cashflow
Cash Flow
$3,435 income − $5,295 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,406
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,435
Total Expenses
$5,295
Mortgage P&I
85%
$2,924
Property Taxes
15%
$531
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$515
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$859