This property looks like a bad Airbnb investment with a projected -17.56% first-year return on $134k initial cash invested.
-17.56%
Cash On Cash
2.76%
Cap Rate
0.41
DSCR
$3,797
Rent
-$1,953
Cashflow
Cash Flow
$3,797 income − $5,750 expenses = $1,953 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,797
Total Expenses
$5,750
Mortgage P&I
81%
$3,066
Property Taxes
18%
$669
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$570
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$949