This property looks like a bad Airbnb investment with a projected -23.62% first-year return on $134k initial cash invested.
-23.62%
Cash On Cash
1.08%
Cap Rate
0.16
DSCR
$2,538
Rent
-$2,639
Cashflow
Cash Flow
$2,538 income − $5,177 expenses = $2,639 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,526
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,538
Total Expenses
$5,177
Mortgage P&I
120%
$3,034
Property Taxes
25%
$624
Home Insurance
8%
$201
HOA
4%
$99
Property Management
15%
$381
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$634