This property looks like a bad Airbnb investment with a projected -25.99% first-year return on $126k initial cash invested.
-25.99%
Cash On Cash
0.09%
Cap Rate
0.01
DSCR
$1,310
Rent
-$2,734
Cashflow
Cash Flow
$1,310 income − $4,044 expenses = $2,734 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,155
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,310
Total Expenses
$4,044
Mortgage P&I
208%
$2,720
Property Taxes
39%
$512
Home Insurance
14%
$184
HOA
0%
$0
Property Management
15%
$196
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$328