This property looks like a bad Airbnb investment with a projected -14.82% first-year return on $125k initial cash invested.
-14.82%
Cash On Cash
2.75%
Cap Rate
0.45
DSCR
$2,615
Rent
-$1,545
Cashflow
Cash Flow
$2,615 income − $4,160 expenses = $1,545 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,615
Total Expenses
$4,160
Mortgage P&I
100%
$2,610
Property Taxes
4%
$116
Home Insurance
7%
$178
HOA
0%
$0
Property Management
15%
$392
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$654