This property looks like a bad Airbnb investment with a projected -22.8% first-year return on $129k initial cash invested.
-22.8%
Cash On Cash
1.27%
Cap Rate
0.19
DSCR
$1,600
Rent
-$2,457
Cashflow
Cash Flow
$1,600 income − $4,057 expenses = $2,457 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,600
Total Expenses
$4,057
Mortgage P&I
185%
$2,955
Property Taxes
9%
$148
Home Insurance
12%
$186
HOA
0%
$0
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$400