This property looks like a bad Airbnb investment with a projected -16.24% first-year return on $132k initial cash invested.
-16.24%
Cash On Cash
2.51%
Cap Rate
0.41
DSCR
$3,276
Rent
-$1,787
Cashflow
Cash Flow
$3,276 income − $5,063 expenses = $1,787 out of pocket
Investment Breakdown
|
Purchase Price
$543k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,431
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,276
Total Expenses
$5,063
Mortgage P&I
85%
$2,794
Property Taxes
16%
$508
Home Insurance
6%
$189
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$819