This property looks like a bad Airbnb investment with a projected -14% first-year return on $134k initial cash invested.
-14%
Cash On Cash
3.13%
Cap Rate
0.5
DSCR
$3,614
Rent
-$1,558
Cashflow
Cash Flow
$3,614 income − $5,172 expenses = $1,558 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,614
Total Expenses
$5,172
Mortgage P&I
79%
$2,848
Property Taxes
11%
$396
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$542
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$904