This property looks like a bad Airbnb investment with a projected -11.09% first-year return on $135k initial cash invested.
-11.09%
Cash On Cash
4.49%
Cap Rate
0.66
DSCR
$4,861
Rent
-$1,243
Cashflow
Cash Flow
$4,861 income − $6,104 expenses = $1,243 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,861
Total Expenses
$6,104
Mortgage P&I
64%
$3,125
Property Taxes
9%
$446
Home Insurance
4%
$201
HOA
0%
$0
Property Management
15%
$729
CapEx
4%
$194
Vacancy
0%
$0
Maintenance
4%
$194
Other
25%
$1,215