This property looks like a bad Airbnb investment with a projected -15.3% first-year return on $125k initial cash invested.
-15.3%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$4,044
Rent
-$1,596
Cashflow
Cash Flow
$4,044 income − $5,640 expenses = $1,596 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,044
Total Expenses
$5,640
Mortgage P&I
70%
$2,819
Property Taxes
16%
$664
Home Insurance
4%
$180
HOA
1%
$35
Property Management
15%
$607
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,011