This property looks like a bad Airbnb investment with a projected -21.97% first-year return on $127k initial cash invested.
-21.97%
Cash On Cash
1.54%
Cap Rate
0.23
DSCR
$2,072
Rent
-$2,322
Cashflow
Cash Flow
$2,072 income − $4,394 expenses = $2,322 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,182
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,072
Total Expenses
$4,394
Mortgage P&I
140%
$2,905
Property Taxes
18%
$372
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$311
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$518