This property looks like a bad Airbnb investment with a projected -20.35% first-year return on $133k initial cash invested.
-20.35%
Cash On Cash
1.59%
Cap Rate
0.25
DSCR
$2,352
Rent
-$2,260
Cashflow
Cash Flow
$2,352 income − $4,612 expenses = $2,260 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,488
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,352
Total Expenses
$4,612
Mortgage P&I
123%
$2,893
Property Taxes
17%
$389
Home Insurance
9%
$201
HOA
0%
$0
Property Management
15%
$353
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$588