This property looks like a bad Airbnb investment with a projected -16.73% first-year return on $128k initial cash invested.
-16.73%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$3,060
Rent
-$1,788
Cashflow
Cash Flow
$3,060 income − $4,848 expenses = $1,788 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$4,848
Mortgage P&I
94%
$2,865
Property Taxes
11%
$331
Home Insurance
6%
$184
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$765