This property looks like a bad Airbnb investment with a projected -13.41% first-year return on $132k initial cash invested.
-13.41%
Cash On Cash
3.18%
Cap Rate
0.52
DSCR
$3,296
Rent
-$1,479
Cashflow
Cash Flow
$3,296 income − $4,775 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,443
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,296
Total Expenses
$4,775
Mortgage P&I
85%
$2,790
Property Taxes
6%
$209
Home Insurance
6%
$194
HOA
0%
$0
Property Management
15%
$494
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$824