This property looks like a bad Airbnb investment with a projected -20.42% first-year return on $129k initial cash invested.
-20.42%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$2,199
Rent
-$2,191
Cashflow
Cash Flow
$2,199 income − $4,390 expenses = $2,191 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$105k
Closing costs
1%
$5,273
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,199
Total Expenses
$4,390
Mortgage P&I
133%
$2,924
Property Taxes
10%
$220
Home Insurance
9%
$190
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550