This property looks like a bad Airbnb investment with a projected -18.92% first-year return on $133k initial cash invested.
-18.92%
Cash On Cash
1.83%
Cap Rate
0.3
DSCR
$2,933
Rent
-$2,104
Cashflow
Cash Flow
$2,933 income − $5,037 expenses = $2,104 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,497
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,933
Total Expenses
$5,037
Mortgage P&I
96%
$2,826
Property Taxes
18%
$536
Home Insurance
7%
$192
HOA
3%
$76
Property Management
15%
$440
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$733