This property looks like a bad Airbnb investment with a projected -32.5% first-year return on $132k initial cash invested.
-32.5%
Cash On Cash
-1.39%
Cap Rate
-0.22
DSCR
$990
Rent
-$3,585
Cashflow
Cash Flow
$990 income − $4,575 expenses = $3,585 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,446
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$990
Total Expenses
$4,575
Mortgage P&I
294%
$2,912
Property Taxes
86%
$856
Home Insurance
21%
$210
HOA
12%
$121
Property Management
15%
$148
CapEx
4%
$40
Vacancy
0%
$0
Maintenance
4%
$40
Other
25%
$248