This property looks like a bad Airbnb investment with a projected -23.65% first-year return on $133k initial cash invested.
-23.65%
Cash On Cash
0.97%
Cap Rate
0.15
DSCR
$1,691
Rent
-$2,631
Cashflow
Cash Flow
$1,691 income − $4,322 expenses = $2,631 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,691
Total Expenses
$4,322
Mortgage P&I
178%
$3,008
Property Taxes
18%
$309
Home Insurance
11%
$192
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$423