This property looks like a bad Airbnb investment with a projected -17.07% first-year return on $130k initial cash invested.
-17.07%
Cash On Cash
2.93%
Cap Rate
0.43
DSCR
$3,717
Rent
-$1,850
Cashflow
Cash Flow
$3,717 income − $5,567 expenses = $1,850 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,336
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,717
Total Expenses
$5,567
Mortgage P&I
81%
$3,006
Property Taxes
16%
$590
Home Insurance
5%
$186
HOA
0%
$0
Property Management
15%
$558
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$929