This property looks like a bad Airbnb investment with a projected -22.48% first-year return on $133k initial cash invested.
-22.48%
Cash On Cash
0.95%
Cap Rate
0.15
DSCR
$1,967
Rent
-$2,501
Cashflow
Cash Flow
$1,967 income − $4,468 expenses = $2,501 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,967
Total Expenses
$4,468
Mortgage P&I
145%
$2,858
Property Taxes
24%
$473
Home Insurance
10%
$192
HOA
0%
$0
Property Management
15%
$295
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$492