This property looks like a bad Airbnb investment with a projected -15.39% first-year return on $134k initial cash invested.
-15.39%
Cash On Cash
2.67%
Cap Rate
0.44
DSCR
$3,738
Rent
-$1,723
Cashflow
Cash Flow
$3,738 income − $5,461 expenses = $1,723 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,541
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,738
Total Expenses
$5,461
Mortgage P&I
75%
$2,808
Property Taxes
15%
$576
Home Insurance
5%
$203
HOA
2%
$79
Property Management
15%
$561
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$934