This property looks like a bad Airbnb investment with a projected -23.85% first-year return on $133k initial cash invested.
-23.85%
Cash On Cash
0.97%
Cap Rate
0.15
DSCR
$2,092
Rent
-$2,649
Cashflow
Cash Flow
$2,092 income − $4,741 expenses = $2,649 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,092
Total Expenses
$4,741
Mortgage P&I
144%
$3,009
Property Taxes
26%
$535
Home Insurance
9%
$192
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$523