This property looks like a bad Airbnb investment with a projected -8.29% first-year return on $133k initial cash invested.
-8.29%
Cash On Cash
5.2%
Cap Rate
0.77
DSCR
$5,678
Rent
-$921
Cashflow
Cash Flow
$5,678 income − $6,599 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.5%
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
$5,678
Total Expenses
$6,599
Mortgage P&I
54%
$3,071
Property Taxes
11%
$610
Home Insurance
3%
$192
HOA
0%
$0
Property Management
15%
$852
CapEx
4%
$227
Vacancy
0%
$0
Maintenance
4%
$227
Other
25%
$1,420