This property looks like a bad Airbnb investment with a projected -17.64% first-year return on $127k initial cash invested.
-17.64%
Cash On Cash
2.09%
Cap Rate
0.34
DSCR
$2,854
Rent
-$1,868
Cashflow
Cash Flow
$2,854 income − $4,722 expenses = $1,868 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,193
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,854
Total Expenses
$4,722
Mortgage P&I
93%
$2,660
Property Taxes
18%
$508
Home Insurance
6%
$184
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$714