This property looks like a bad Airbnb investment with a projected -13.41% first-year return on $128k initial cash invested.
-13.41%
Cash On Cash
3.16%
Cap Rate
0.52
DSCR
$3,712
Rent
-$1,433
Cashflow
Cash Flow
$3,712 income − $5,145 expenses = $1,433 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,712
Total Expenses
$5,145
Mortgage P&I
72%
$2,669
Property Taxes
14%
$511
Home Insurance
5%
$184
HOA
0%
$0
Property Management
15%
$557
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$928