This property looks like a bad Airbnb investment with a projected -23.36% first-year return on $134k initial cash invested.
-23.36%
Cash On Cash
0.65%
Cap Rate
0.11
DSCR
$1,872
Rent
-$2,602
Cashflow
Cash Flow
$1,872 income − $4,474 expenses = $2,602 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,507
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,872
Total Expenses
$4,474
Mortgage P&I
151%
$2,827
Property Taxes
30%
$556
Home Insurance
10%
$192
HOA
0%
$0
Property Management
15%
$281
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$468