This property looks like a bad Airbnb investment with a projected -15.1% first-year return on $127k initial cash invested.
-15.1%
Cash On Cash
2.78%
Cap Rate
0.45
DSCR
$3,727
Rent
-$1,601
Cashflow
Cash Flow
$3,727 income − $5,328 expenses = $1,601 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,727
Total Expenses
$5,328
Mortgage P&I
71%
$2,655
Property Taxes
19%
$702
Home Insurance
5%
$182
HOA
0%
$0
Property Management
15%
$559
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$932