This property looks like a bad Airbnb investment with a projected -27.05% first-year return on $134k initial cash invested.
-27.05%
Cash On Cash
-0.32%
Cap Rate
-0.05
DSCR
$1,021
Rent
-$3,019
Cashflow
Cash Flow
$1,021 income − $4,040 expenses = $3,019 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,521
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,021
Total Expenses
$4,040
Mortgage P&I
277%
$2,831
Property Taxes
51%
$523
Home Insurance
19%
$196
HOA
0%
$0
Property Management
15%
$153
CapEx
4%
$41
Vacancy
0%
$0
Maintenance
4%
$41
Other
25%
$255