This property looks like a bad Airbnb investment with a projected -21.07% first-year return on $132k initial cash invested.
-21.07%
Cash On Cash
1.19%
Cap Rate
0.19
DSCR
$2,020
Rent
-$2,322
Cashflow
Cash Flow
$2,020 income − $4,342 expenses = $2,322 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,440
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,020
Total Expenses
$4,342
Mortgage P&I
138%
$2,779
Property Taxes
20%
$406
Home Insurance
9%
$187
HOA
0%
$0
Property Management
15%
$303
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$505