This property looks like a bad Airbnb investment with a projected -14.34% first-year return on $134k initial cash invested.
-14.34%
Cash On Cash
2.92%
Cap Rate
0.48
DSCR
$3,632
Rent
-$1,599
Cashflow
Cash Flow
$3,632 income − $5,231 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,513
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,632
Total Expenses
$5,231
Mortgage P&I
77%
$2,796
Property Taxes
14%
$500
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$545
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$908