This property looks like a bad Airbnb investment with a projected -18.74% first-year return on $134k initial cash invested.
-18.74%
Cash On Cash
2.27%
Cap Rate
0.35
DSCR
$2,792
Rent
-$2,093
Cashflow
Cash Flow
$2,792 income − $4,885 expenses = $2,093 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,526
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,792
Total Expenses
$4,885
Mortgage P&I
108%
$3,025
Property Taxes
12%
$333
Home Insurance
7%
$186
HOA
0%
$0
Property Management
15%
$419
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$698