This property looks like a bad Airbnb investment with a projected -20.21% first-year return on $134k initial cash invested.
-20.21%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$3,428
Rent
-$2,263
Cashflow
Cash Flow
$3,428 income − $5,691 expenses = $2,263 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,541
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,428
Total Expenses
$5,691
Mortgage P&I
83%
$2,855
Property Taxes
29%
$997
Home Insurance
6%
$194
HOA
0%
$0
Property Management
15%
$514
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$857