This property looks like a bad Airbnb investment with a projected -2.37% first-year return on $130k initial cash invested.
-2.37%
Cash On Cash
6.09%
Cap Rate
0.99
DSCR
$5,657
Rent
-$257
Cashflow
Cash Flow
$5,657 income − $5,914 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,336
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,657
Total Expenses
$5,914
Mortgage P&I
48%
$2,739
Property Taxes
5%
$276
Home Insurance
3%
$184
HOA
0%
$0
Property Management
15%
$849
CapEx
4%
$226
Vacancy
0%
$0
Maintenance
4%
$226
Other
25%
$1,414