This property looks like a bad Airbnb investment with a projected -18.15% first-year return on $133k initial cash invested.
-18.15%
Cash On Cash
2.02%
Cap Rate
0.33
DSCR
$3,044
Rent
-$2,016
Cashflow
Cash Flow
$3,044 income − $5,060 expenses = $2,016 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,491
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$5,060
Mortgage P&I
93%
$2,819
Property Taxes
18%
$533
Home Insurance
6%
$192
HOA
2%
$54
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$761