This property looks like a bad Airbnb investment with a projected -17.01% first-year return on $134k initial cash invested.
-17.01%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$3,360
Rent
-$1,904
Cashflow
Cash Flow
$3,360 income − $5,264 expenses = $1,904 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,540
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,360
Total Expenses
$5,264
Mortgage P&I
90%
$3,033
Property Taxes
12%
$418
Home Insurance
6%
$201
HOA
0%
$0
Property Management
15%
$504
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$840