This property looks like a bad Airbnb investment with a projected -12.52% first-year return on $131k initial cash invested.
-12.52%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$3,947
Rent
-$1,369
Cashflow
Cash Flow
$3,947 income − $5,316 expenses = $1,369 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,947
Total Expenses
$5,316
Mortgage P&I
75%
$2,967
Property Taxes
7%
$265
Home Insurance
5%
$189
HOA
0%
$0
Property Management
15%
$592
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$987