This property looks like a bad Airbnb investment with a projected -22.79% first-year return on $130k initial cash invested.
-22.79%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$2,056
Rent
-$2,475
Cashflow
Cash Flow
$2,056 income − $4,531 expenses = $2,475 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,348
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,056
Total Expenses
$4,531
Mortgage P&I
146%
$2,992
Property Taxes
18%
$362
Home Insurance
9%
$191
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$514