This property looks like a bad Airbnb investment with a projected -16.24% first-year return on $126k initial cash invested.
-16.24%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$3,092
Rent
-$1,702
Cashflow
Cash Flow
$3,092 income − $4,794 expenses = $1,702 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,131
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,092
Total Expenses
$4,794
Mortgage P&I
92%
$2,858
Property Taxes
9%
$271
Home Insurance
6%
$180
HOA
0%
$0
Property Management
15%
$464
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$773