This property looks like a bad Airbnb investment with a projected -15.77% first-year return on $133k initial cash invested.
-15.77%
Cash On Cash
2.5%
Cap Rate
0.41
DSCR
$3,017
Rent
-$1,752
Cashflow
Cash Flow
$3,017 income − $4,769 expenses = $1,752 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,017
Total Expenses
$4,769
Mortgage P&I
92%
$2,773
Property Taxes
8%
$242
Home Insurance
6%
$192
HOA
4%
$113
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754