This property looks like a bad Airbnb investment with a projected -24.45% first-year return on $129k initial cash invested.
-24.45%
Cash On Cash
0.29%
Cap Rate
0.05
DSCR
$1,225
Rent
-$2,634
Cashflow
Cash Flow
$1,225 income − $3,859 expenses = $2,634 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,225
Total Expenses
$3,859
Mortgage P&I
221%
$2,711
Property Taxes
27%
$336
Home Insurance
15%
$186
HOA
3%
$38
Property Management
15%
$184
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$306