This property looks like a bad Airbnb investment with a projected -19.33% first-year return on $134k initial cash invested.
-19.33%
Cash On Cash
2.16%
Cap Rate
0.33
DSCR
$2,704
Rent
-$2,153
Cashflow
Cash Flow
$2,704 income − $4,857 expenses = $2,153 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,509
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,704
Total Expenses
$4,857
Mortgage P&I
112%
$3,037
Property Taxes
12%
$326
Home Insurance
7%
$196
HOA
0%
$0
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$676