This property looks like a bad Airbnb investment with a projected -31.45% first-year return on $126k initial cash invested.
-31.45%
Cash On Cash
-1.47%
Cap Rate
-0.24
DSCR
$884
Rent
-$3,302
Cashflow
Cash Flow
$884 income − $4,186 expenses = $3,302 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,142
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$884
Total Expenses
$4,186
Mortgage P&I
298%
$2,636
Property Taxes
61%
$536
Home Insurance
22%
$192
HOA
45%
$398
Property Management
15%
$133
CapEx
4%
$35
Vacancy
0%
$0
Maintenance
4%
$35
Other
25%
$221