This property looks like a bad Airbnb investment with a projected -23.33% first-year return on $129k initial cash invested.
-23.33%
Cash On Cash
0.67%
Cap Rate
0.11
DSCR
$2,049
Rent
-$2,508
Cashflow
Cash Flow
$2,049 income − $4,557 expenses = $2,508 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,286
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,049
Total Expenses
$4,557
Mortgage P&I
133%
$2,723
Property Taxes
33%
$676
Home Insurance
9%
$175
HOA
0%
$0
Property Management
15%
$307
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$512