This property looks like a bad Airbnb investment with a projected -10.27% first-year return on $135k initial cash invested.
-10.27%
Cash On Cash
4.04%
Cap Rate
0.65
DSCR
$4,072
Rent
-$1,151
Cashflow
Cash Flow
$4,072 income − $5,223 expenses = $1,151 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,072
Total Expenses
$5,223
Mortgage P&I
70%
$2,857
Property Taxes
5%
$217
Home Insurance
5%
$194
HOA
0%
$0
Property Management
15%
$611
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,018