This property looks like a bad Airbnb investment with a projected -10.3% first-year return on $128k initial cash invested.
-10.3%
Cash On Cash
3.89%
Cap Rate
0.64
DSCR
$3,798
Rent
-$1,095
Cashflow
Cash Flow
$3,798 income − $4,893 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,217
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,798
Total Expenses
$4,893
Mortgage P&I
69%
$2,634
Property Taxes
7%
$251
Home Insurance
5%
$184
HOA
0%
$0
Property Management
15%
$570
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$950