This property looks like a bad Airbnb investment with a projected -10.54% first-year return on $132k initial cash invested.
-10.54%
Cash On Cash
4.04%
Cap Rate
0.65
DSCR
$4,262
Rent
-$1,162
Cashflow
Cash Flow
$4,262 income − $5,424 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,443
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,262
Total Expenses
$5,424
Mortgage P&I
66%
$2,824
Property Taxes
9%
$363
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$639
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,066