This property looks like a bad Airbnb investment with a projected -21.3% first-year return on $134k initial cash invested.
-21.3%
Cash On Cash
1.2%
Cap Rate
0.19
DSCR
$1,690
Rent
-$2,379
Cashflow
Cash Flow
$1,690 income − $4,069 expenses = $2,379 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,524
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,690
Total Expenses
$4,069
Mortgage P&I
169%
$2,862
Property Taxes
10%
$167
Home Insurance
13%
$228
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$422