This property looks like a bad Airbnb investment with a projected -12.46% first-year return on $127k initial cash invested.
-12.46%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$4,159
Rent
-$1,321
Cashflow
Cash Flow
$4,159 income − $5,480 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,202
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,159
Total Expenses
$5,480
Mortgage P&I
69%
$2,868
Property Taxes
10%
$418
Home Insurance
4%
$184
HOA
0%
$14
Property Management
15%
$624
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,040