This property looks like a bad Airbnb investment with a projected -19.86% first-year return on $126k initial cash invested.
-19.86%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$2,806
Rent
-$2,091
Cashflow
Cash Flow
$2,806 income − $4,897 expenses = $2,091 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,159
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,806
Total Expenses
$4,897
Mortgage P&I
101%
$2,826
Property Taxes
18%
$516
Home Insurance
6%
$181
HOA
1%
$27
Property Management
15%
$421
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$702