This property looks like a bad Airbnb investment with a projected -20.14% first-year return on $133k initial cash invested.
-20.14%
Cash On Cash
1.9%
Cap Rate
0.29
DSCR
$2,754
Rent
-$2,240
Cashflow
Cash Flow
$2,754 income − $4,994 expenses = $2,240 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,754
Total Expenses
$4,994
Mortgage P&I
109%
$3,001
Property Taxes
17%
$470
Home Insurance
7%
$192
HOA
0%
$10
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$688