This property looks like a bad Airbnb investment with a projected -20.35% first-year return on $129k initial cash invested.
-20.35%
Cash On Cash
1.38%
Cap Rate
0.23
DSCR
$2,750
Rent
-$2,186
Cashflow
Cash Flow
$2,750 income − $4,936 expenses = $2,186 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,280
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,750
Total Expenses
$4,936
Mortgage P&I
97%
$2,681
Property Taxes
27%
$749
Home Insurance
7%
$186
HOA
0%
$0
Property Management
15%
$412
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$688