This property looks like a bad Airbnb investment with a projected -22.5% first-year return on $134k initial cash invested.
-22.5%
Cash On Cash
0.94%
Cap Rate
0.15
DSCR
$2,831
Rent
-$2,509
Cashflow
Cash Flow
$2,831 income − $5,340 expenses = $2,509 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,515
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,831
Total Expenses
$5,340
Mortgage P&I
100%
$2,827
Property Taxes
30%
$857
Home Insurance
7%
$198
HOA
4%
$99
Property Management
15%
$425
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708