This property looks like a bad Airbnb investment with a projected -27.73% first-year return on $134k initial cash invested.
-27.73%
Cash On Cash
-0.5%
Cap Rate
-0.08
DSCR
$1,254
Rent
-$3,089
Cashflow
Cash Flow
$1,254 income − $4,343 expenses = $3,089 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,509
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,254
Total Expenses
$4,343
Mortgage P&I
224%
$2,809
Property Taxes
57%
$712
Home Insurance
18%
$220
HOA
0%
$0
Property Management
15%
$188
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$314