This property looks like a bad Airbnb investment with a projected -18.31% first-year return on $134k initial cash invested.
-18.31%
Cash On Cash
1.9%
Cap Rate
0.31
DSCR
$2,302
Rent
-$2,039
Cashflow
Cash Flow
$2,302 income − $4,341 expenses = $2,039 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,505
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,302
Total Expenses
$4,341
Mortgage P&I
123%
$2,820
Property Taxes
9%
$215
Home Insurance
9%
$201
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576