This property looks like a bad Airbnb investment with a projected -13.67% first-year return on $133k initial cash invested.
-13.67%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$3,909
Rent
-$1,521
Cashflow
Cash Flow
$3,909 income − $5,430 expenses = $1,521 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,909
Total Expenses
$5,430
Mortgage P&I
76%
$2,971
Property Taxes
9%
$371
Home Insurance
5%
$192
HOA
1%
$21
Property Management
15%
$586
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$977