This property looks like a bad Airbnb investment with a projected -16.75% first-year return on $128k initial cash invested.
-16.75%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$2,516
Rent
-$1,782
Cashflow
Cash Flow
$2,516 income − $4,298 expenses = $1,782 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,222
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,516
Total Expenses
$4,298
Mortgage P&I
107%
$2,694
Property Taxes
8%
$205
Home Insurance
8%
$189
HOA
0%
$2
Property Management
15%
$377
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$629