This property looks like a bad Airbnb investment with a projected -14.95% first-year return on $126k initial cash invested.
-14.95%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$3,385
Rent
-$1,576
Cashflow
Cash Flow
$3,385 income − $4,961 expenses = $1,576 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,165
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,385
Total Expenses
$4,961
Mortgage P&I
78%
$2,645
Property Taxes
15%
$508
Home Insurance
5%
$184
HOA
0%
$0
Property Management
15%
$508
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$846