This property looks like a bad Airbnb investment with a projected -22.77% first-year return on $133k initial cash invested.
-22.77%
Cash On Cash
1.25%
Cap Rate
0.19
DSCR
$3,663
Rent
-$2,520
Cashflow
Cash Flow
$3,663 income − $6,183 expenses = $2,520 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,467
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,663
Total Expenses
$6,183
Mortgage P&I
80%
$2,942
Property Taxes
14%
$529
Home Insurance
5%
$188
HOA
21%
$765
Property Management
15%
$549
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$916