This property looks like a bad Airbnb investment with a projected -15.78% first-year return on $127k initial cash invested.
-15.78%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$3,002
Rent
-$1,665
Cashflow
Cash Flow
$3,002 income − $4,667 expenses = $1,665 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$103k
Closing costs
1%
$5,172
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,002
Total Expenses
$4,667
Mortgage P&I
94%
$2,827
Property Taxes
6%
$180
Home Insurance
7%
$201
HOA
1%
$19
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$750