This property looks like a bad Airbnb investment with a projected -17.13% first-year return on $133k initial cash invested.
-17.13%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$2,869
Rent
-$1,899
Cashflow
Cash Flow
$2,869 income − $4,768 expenses = $1,899 out of pocket
Investment Breakdown
|
Purchase Price
$548k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,479
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,869
Total Expenses
$4,768
Mortgage P&I
104%
$2,992
Property Taxes
7%
$205
Home Insurance
7%
$192
HOA
0%
$2
Property Management
15%
$430
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$717