This property looks like a bad Airbnb investment with a projected -20.59% first-year return on $133k initial cash invested.
-20.59%
Cash On Cash
1.6%
Cap Rate
0.25
DSCR
$2,368
Rent
-$2,287
Cashflow
Cash Flow
$2,368 income − $4,655 expenses = $2,287 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,368
Total Expenses
$4,655
Mortgage P&I
124%
$2,925
Property Taxes
18%
$435
Home Insurance
7%
$158
HOA
0%
$0
Property Management
15%
$355
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$592