This property looks like a bad Airbnb investment with a projected -22.73% first-year return on $134k initial cash invested.
-22.73%
Cash On Cash
1.01%
Cap Rate
0.16
DSCR
$1,914
Rent
-$2,529
Cashflow
Cash Flow
$1,914 income − $4,443 expenses = $2,529 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,914
Total Expenses
$4,443
Mortgage P&I
152%
$2,915
Property Taxes
22%
$417
Home Insurance
10%
$192
HOA
0%
$0
Property Management
15%
$287
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$478