This property looks like a bad Airbnb investment with a projected -9.94% first-year return on $129k initial cash invested.
-9.94%
Cash On Cash
4.05%
Cap Rate
0.66
DSCR
$3,960
Rent
-$1,070
Cashflow
Cash Flow
$3,960 income − $5,030 expenses = $1,070 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,295
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,960
Total Expenses
$5,030
Mortgage P&I
68%
$2,699
Property Taxes
6%
$231
Home Insurance
5%
$200
HOA
0%
$0
Property Management
15%
$594
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$990