This property looks like a bad Airbnb investment with a projected -16% first-year return on $134k initial cash invested.
-16%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$3,418
Rent
-$1,783
Cashflow
Cash Flow
$3,418 income − $5,201 expenses = $1,783 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,509
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,418
Total Expenses
$5,201
Mortgage P&I
83%
$2,832
Property Taxes
16%
$536
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$513
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$854