This property looks like a bad Airbnb investment with a projected -22.19% first-year return on $126k initial cash invested.
-22.19%
Cash On Cash
1.36%
Cap Rate
0.2
DSCR
$1,574
Rent
-$2,324
Cashflow
Cash Flow
$1,574 income − $3,898 expenses = $2,324 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,128
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,574
Total Expenses
$3,898
Mortgage P&I
181%
$2,842
Property Taxes
7%
$106
Home Insurance
12%
$184
HOA
1%
$10
Property Management
15%
$236
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$394