This property looks like a bad Airbnb investment with a projected -19.14% first-year return on $132k initial cash invested.
-19.14%
Cash On Cash
1.62%
Cap Rate
0.27
DSCR
$1,912
Rent
-$2,109
Cashflow
Cash Flow
$1,912 income − $4,021 expenses = $2,109 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,440
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,912
Total Expenses
$4,021
Mortgage P&I
145%
$2,766
Property Taxes
7%
$137
Home Insurance
11%
$201
HOA
0%
$0
Property Management
15%
$287
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$478