This property looks like a bad Airbnb investment with a projected -19.1% first-year return on $133k initial cash invested.
-19.1%
Cash On Cash
2.17%
Cap Rate
0.34
DSCR
$4,122
Rent
-$2,122
Cashflow
Cash Flow
$4,122 income − $6,244 expenses = $2,122 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,122
Total Expenses
$6,244
Mortgage P&I
72%
$2,949
Property Taxes
25%
$1,015
Home Insurance
5%
$192
HOA
3%
$110
Property Management
15%
$618
CapEx
4%
$165
Vacancy
0%
$0
Maintenance
4%
$165
Other
25%
$1,030