This property looks like a bad Airbnb investment with a projected -13.39% first-year return on $131k initial cash invested.
-13.39%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$3,817
Rent
-$1,465
Cashflow
Cash Flow
$3,817 income − $5,282 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,397
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,817
Total Expenses
$5,282
Mortgage P&I
72%
$2,759
Property Taxes
13%
$492
Home Insurance
5%
$198
HOA
0%
$0
Property Management
15%
$573
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$954