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
3.44%
Cap Rate
0.56
DSCR
$3,589
Rent
-$1,368
Cashflow
Cash Flow
$3,589 income − $4,957 expenses = $1,368 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,389
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,589
Total Expenses
$4,957
Mortgage P&I
77%
$2,767
Property Taxes
6%
$213
Home Insurance
5%
$192
HOA
2%
$62
Property Management
15%
$538
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$897