This property looks like a bad Airbnb investment with a projected -8.07% first-year return on $134k initial cash invested.
-8.07%
Cash On Cash
4.83%
Cap Rate
0.76
DSCR
$5,213
Rent
-$898
Cashflow
Cash Flow
$5,213 income − $6,111 expenses = $898 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,213
Total Expenses
$6,111
Mortgage P&I
56%
$2,905
Property Taxes
10%
$511
Home Insurance
4%
$192
HOA
0%
$0
Property Management
15%
$782
CapEx
4%
$209
Vacancy
0%
$0
Maintenance
4%
$209
Other
25%
$1,303