This property looks like a bad Airbnb investment with a projected -20.1% first-year return on $132k initial cash invested.
-20.1%
Cash On Cash
2.08%
Cap Rate
0.31
DSCR
$2,370
Rent
-$2,219
Cashflow
Cash Flow
$2,370 income − $4,589 expenses = $2,219 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,370
Total Expenses
$4,589
Mortgage P&I
129%
$3,067
Property Taxes
8%
$193
Home Insurance
8%
$191
HOA
0%
$0
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$592