This property looks like a bad Airbnb investment with a projected -19.87% first-year return on $132k initial cash invested.
-19.87%
Cash On Cash
2.18%
Cap Rate
0.32
DSCR
$2,674
Rent
-$2,189
Cashflow
Cash Flow
$2,674 income − $4,863 expenses = $2,189 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,438
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,674
Total Expenses
$4,863
Mortgage P&I
115%
$3,071
Property Taxes
12%
$315
Home Insurance
7%
$194
HOA
0%
$0
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668