This property looks like a bad Airbnb investment with a projected -24.84% first-year return on $134k initial cash invested.
-24.84%
Cash On Cash
0.29%
Cap Rate
0.05
DSCR
$1,243
Rent
-$2,763
Cashflow
Cash Flow
$1,243 income − $4,006 expenses = $2,763 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,243
Total Expenses
$4,006
Mortgage P&I
229%
$2,846
Property Taxes
30%
$371
Home Insurance
15%
$192
HOA
0%
$0
Property Management
15%
$186
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$311