This property looks like a bad Airbnb investment with a projected -18.59% first-year return on $133k initial cash invested.
-18.59%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$2,171
Rent
-$2,053
Cashflow
Cash Flow
$2,171 income − $4,224 expenses = $2,053 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,455
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,171
Total Expenses
$4,224
Mortgage P&I
131%
$2,840
Property Taxes
7%
$150
Home Insurance
9%
$191
HOA
0%
$0
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$543