This property looks like a bad Airbnb investment with a projected -20.2% first-year return on $133k initial cash invested.
-20.2%
Cash On Cash
1.4%
Cap Rate
0.23
DSCR
$2,394
Rent
-$2,233
Cashflow
Cash Flow
$2,394 income − $4,627 expenses = $2,233 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,459
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,394
Total Expenses
$4,627
Mortgage P&I
116%
$2,776
Property Taxes
19%
$448
Home Insurance
11%
$254
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598