This property looks like a bad Airbnb investment with a projected -19.19% first-year return on $127k initial cash invested.
-19.19%
Cash On Cash
1.91%
Cap Rate
0.3
DSCR
$2,900
Rent
-$2,033
Cashflow
Cash Flow
$2,900 income − $4,933 expenses = $2,033 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,196
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,900
Total Expenses
$4,933
Mortgage P&I
95%
$2,742
Property Taxes
21%
$615
Home Insurance
6%
$184
HOA
0%
$0
Property Management
15%
$435
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$725