This property looks like a bad Airbnb investment with a projected -18.93% first-year return on $134k initial cash invested.
-18.93%
Cash On Cash
2.44%
Cap Rate
0.36
DSCR
$3,124
Rent
-$2,116
Cashflow
Cash Flow
$3,124 income − $5,240 expenses = $2,116 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,531
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,124
Total Expenses
$5,240
Mortgage P&I
100%
$3,115
Property Taxes
14%
$433
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$469
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$781