This property looks like a bad Airbnb investment with a projected -17.72% first-year return on $134k initial cash invested.
-17.72%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$3,136
Rent
-$1,981
Cashflow
Cash Flow
$3,136 income − $5,117 expenses = $1,981 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,531
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,136
Total Expenses
$5,117
Mortgage P&I
90%
$2,835
Property Taxes
19%
$582
Home Insurance
6%
$196
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$784