This property looks like a bad Airbnb investment with a projected -13.08% first-year return on $133k initial cash invested.
-13.08%
Cash On Cash
3.34%
Cap Rate
0.54
DSCR
$4,110
Rent
-$1,454
Cashflow
Cash Flow
$4,110 income − $5,564 expenses = $1,454 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,493
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,110
Total Expenses
$5,564
Mortgage P&I
69%
$2,818
Property Taxes
14%
$582
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$616
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,028