This property looks like a bad Airbnb investment with a projected -19.51% first-year return on $131k initial cash invested.
-19.51%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$2,559
Rent
-$2,137
Cashflow
Cash Flow
$2,559 income − $4,696 expenses = $2,137 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,403
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,559
Total Expenses
$4,696
Mortgage P&I
117%
$2,996
Property Taxes
11%
$280
Home Insurance
8%
$192
HOA
0%
$0
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$640