This property looks like a bad Airbnb investment with a projected -18.22% first-year return on $126k initial cash invested.
-18.22%
Cash On Cash
1.89%
Cap Rate
0.31
DSCR
$2,071
Rent
-$1,909
Cashflow
Cash Flow
$2,071 income − $3,980 expenses = $1,909 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,129
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,071
Total Expenses
$3,980
Mortgage P&I
127%
$2,634
Property Taxes
8%
$169
Home Insurance
9%
$182
HOA
0%
$0
Property Management
15%
$311
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$518