This property looks like a bad Airbnb investment with a projected -17.77% first-year return on $130k initial cash invested.
-17.77%
Cash On Cash
2.16%
Cap Rate
0.35
DSCR
$2,904
Rent
-$1,930
Cashflow
Cash Flow
$2,904 income − $4,834 expenses = $1,930 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,349
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,904
Total Expenses
$4,834
Mortgage P&I
96%
$2,778
Property Taxes
16%
$457
Home Insurance
7%
$192
HOA
0%
$13
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$726