This property looks like a bad Airbnb investment with a projected -23.82% first-year return on $134k initial cash invested.
-23.82%
Cash On Cash
0.69%
Cap Rate
0.11
DSCR
$3,191
Rent
-$2,652
Cashflow
Cash Flow
$3,191 income − $5,843 expenses = $2,652 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,504
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,191
Total Expenses
$5,843
Mortgage P&I
89%
$2,841
Property Taxes
18%
$562
Home Insurance
6%
$196
HOA
22%
$711
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$798