This property looks like a bad Airbnb investment with a projected -16.09% first-year return on $132k initial cash invested.
-16.09%
Cash On Cash
2.65%
Cap Rate
0.43
DSCR
$3,900
Rent
-$1,776
Cashflow
Cash Flow
$3,900 income − $5,676 expenses = $1,776 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,451
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,900
Total Expenses
$5,676
Mortgage P&I
72%
$2,826
Property Taxes
20%
$786
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$585
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$975