This property looks like a bad Airbnb investment with a projected -12.42% first-year return on $134k initial cash invested.
-12.42%
Cash On Cash
3.52%
Cap Rate
0.57
DSCR
$4,178
Rent
-$1,382
Cashflow
Cash Flow
$4,178 income − $5,560 expenses = $1,382 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,178
Total Expenses
$5,560
Mortgage P&I
68%
$2,827
Property Taxes
13%
$536
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$627
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,044