This property looks like a bad Airbnb investment with a projected -17% first-year return on $126k initial cash invested.
-17%
Cash On Cash
2.3%
Cap Rate
0.37
DSCR
$2,844
Rent
-$1,779
Cashflow
Cash Flow
$2,844 income − $4,623 expenses = $1,779 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$102k
Closing costs
1%
$5,122
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,844
Total Expenses
$4,623
Mortgage P&I
93%
$2,646
Property Taxes
15%
$416
Home Insurance
6%
$184
HOA
0%
$11
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$711