This property looks like a bad Airbnb investment with a projected -23.44% first-year return on $129k initial cash invested.
-23.44%
Cash On Cash
0.69%
Cap Rate
0.11
DSCR
$2,349
Rent
-$2,515
Cashflow
Cash Flow
$2,349 income − $4,864 expenses = $2,515 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,275
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,349
Total Expenses
$4,864
Mortgage P&I
116%
$2,724
Property Taxes
35%
$828
Home Insurance
8%
$185
HOA
0%
$0
Property Management
15%
$352
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$587