This property looks like a bad Airbnb investment with a projected -12.74% first-year return on $128k initial cash invested.
-12.74%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$3,521
Rent
-$1,356
Cashflow
Cash Flow
$3,521 income − $4,877 expenses = $1,356 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%
$5,224
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,521
Total Expenses
$4,877
Mortgage P&I
75%
$2,652
Property Taxes
9%
$310
Home Insurance
5%
$185
HOA
1%
$40
Property Management
15%
$528
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$880