This property looks like a bad Airbnb investment with a projected -10.96% first-year return on $130k initial cash invested.
-10.96%
Cash On Cash
3.81%
Cap Rate
0.62
DSCR
$3,805
Rent
-$1,190
Cashflow
Cash Flow
$3,805 income − $4,995 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,805
Total Expenses
$4,995
Mortgage P&I
72%
$2,737
Property Taxes
6%
$245
Home Insurance
5%
$187
HOA
0%
$0
Property Management
15%
$571
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$951