This property looks like a bad Airbnb investment with a projected -19.9% first-year return on $134k initial cash invested.
-19.9%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$3,104
Rent
-$2,230
Cashflow
Cash Flow
$3,104 income − $5,334 expenses = $2,230 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,547
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,104
Total Expenses
$5,334
Mortgage P&I
98%
$3,036
Property Taxes
7%
$207
Home Insurance
6%
$196
HOA
13%
$405
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$776