This property looks like a bad Airbnb investment with a projected -13.86% first-year return on $128k initial cash invested.
-13.86%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$3,959
Rent
-$1,481
Cashflow
Cash Flow
$3,959 income − $5,440 expenses = $1,481 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,959
Total Expenses
$5,440
Mortgage P&I
72%
$2,855
Property Taxes
13%
$499
Home Insurance
5%
$186
HOA
0%
$0
Property Management
15%
$594
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$990