This property looks like a bad Airbnb investment with a projected -31.98% first-year return on $128k initial cash invested.
-31.98%
Cash On Cash
-1.17%
Cap Rate
-0.18
DSCR
$749
Rent
-$3,423
Cashflow
Cash Flow
$749 income − $4,172 expenses = $3,423 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,259
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$749
Total Expenses
$4,172
Mortgage P&I
385%
$2,880
Property Taxes
100%
$749
Home Insurance
25%
$184
HOA
0%
$0
Property Management
15%
$112
CapEx
4%
$30
Vacancy
0%
$0
Maintenance
4%
$30
Other
25%
$187