This property looks like a bad Airbnb investment with a projected -23.72% first-year return on $133k initial cash invested.
-23.72%
Cash On Cash
0.53%
Cap Rate
0.09
DSCR
$1,842
Rent
-$2,638
Cashflow
Cash Flow
$1,842 income − $4,480 expenses = $2,638 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,842
Total Expenses
$4,480
Mortgage P&I
152%
$2,805
Property Taxes
33%
$599
Home Insurance
10%
$192
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$460