This property looks like a bad Airbnb investment with a projected -19.6% first-year return on $134k initial cash invested.
-19.6%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$2,630
Rent
-$2,181
Cashflow
Cash Flow
$2,630 income − $4,811 expenses = $2,181 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,503
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,630
Total Expenses
$4,811
Mortgage P&I
116%
$3,052
Property Taxes
12%
$305
Home Insurance
7%
$192
HOA
0%
$0
Property Management
15%
$394
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658