This property looks like a bad Airbnb investment with a projected -18.38% first-year return on $134k initial cash invested.
-18.38%
Cash On Cash
2.5%
Cap Rate
0.37
DSCR
$3,097
Rent
-$2,045
Cashflow
Cash Flow
$3,097 income − $5,142 expenses = $2,045 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,097
Total Expenses
$5,142
Mortgage P&I
99%
$3,065
Property Taxes
13%
$398
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774