This property looks like a bad Airbnb investment with a projected -15.51% first-year return on $132k initial cash invested.
-15.51%
Cash On Cash
2.6%
Cap Rate
0.43
DSCR
$3,245
Rent
-$1,712
Cashflow
Cash Flow
$3,245 income − $4,957 expenses = $1,712 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,245
Total Expenses
$4,957
Mortgage P&I
85%
$2,765
Property Taxes
12%
$388
Home Insurance
6%
$196
HOA
2%
$50
Property Management
15%
$487
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$811