This property looks like a bad Airbnb investment with a projected -16.91% first-year return on $132k initial cash invested.
-16.91%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$3,640
Rent
-$1,854
Cashflow
Cash Flow
$3,640 income − $5,494 expenses = $1,854 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,407
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,640
Total Expenses
$5,494
Mortgage P&I
80%
$2,929
Property Taxes
17%
$619
Home Insurance
5%
$198
HOA
0%
$0
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910