This property looks like a bad Airbnb investment with a projected -16.46% first-year return on $128k initial cash invested.
-16.46%
Cash On Cash
2.44%
Cap Rate
0.4
DSCR
$3,642
Rent
-$1,760
Cashflow
Cash Flow
$3,642 income − $5,402 expenses = $1,760 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,253
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,642
Total Expenses
$5,402
Mortgage P&I
74%
$2,682
Property Taxes
22%
$788
Home Insurance
5%
$184
HOA
0%
$0
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910