This property looks like a bad Airbnb investment with a projected -23.73% first-year return on $133k initial cash invested.
-23.73%
Cash On Cash
1.07%
Cap Rate
0.16
DSCR
$2,477
Rent
-$2,634
Cashflow
Cash Flow
$2,477 income − $5,111 expenses = $2,634 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,485
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,477
Total Expenses
$5,111
Mortgage P&I
122%
$3,024
Property Taxes
28%
$706
Home Insurance
8%
$192
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$619