This property looks like a bad Airbnb investment with a projected -7.03% first-year return on $134k initial cash invested.
-7.03%
Cash On Cash
5.39%
Cap Rate
0.82
DSCR
$5,705
Rent
-$784
Cashflow
Cash Flow
$5,705 income − $6,489 expenses = $784 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,516
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,705
Total Expenses
$6,489
Mortgage P&I
53%
$3,033
Property Taxes
9%
$519
Home Insurance
3%
$199
HOA
0%
$0
Property Management
15%
$856
CapEx
4%
$228
Vacancy
0%
$0
Maintenance
4%
$228
Other
25%
$1,426