This property looks like a bad Airbnb investment with a projected -14.76% first-year return on $128k initial cash invested.
-14.76%
Cash On Cash
3.33%
Cap Rate
0.5
DSCR
$3,453
Rent
-$1,579
Cashflow
Cash Flow
$3,453 income − $5,032 expenses = $1,579 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,254
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,453
Total Expenses
$5,032
Mortgage P&I
84%
$2,900
Property Taxes
8%
$284
Home Insurance
6%
$191
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$863