This property looks like a bad Airbnb investment with a projected -14.78% first-year return on $128k initial cash invested.
-14.78%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$3,150
Rent
-$1,576
Cashflow
Cash Flow
$3,150 income − $4,726 expenses = $1,576 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,236
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$4,726
Mortgage P&I
92%
$2,893
Property Taxes
4%
$136
Home Insurance
6%
$185
HOA
0%
$0
Property Management
15%
$472
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$788