This property looks like a bad Airbnb investment with a projected -1.84% first-year return on $132k initial cash invested.
-1.84%
Cash On Cash
6.25%
Cap Rate
1.01
DSCR
$5,956
Rent
-$203
Cashflow
Cash Flow
$5,956 income − $6,159 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,439
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,956
Total Expenses
$6,159
Mortgage P&I
47%
$2,798
Property Taxes
5%
$303
Home Insurance
3%
$200
HOA
0%
$0
Property Management
15%
$893
CapEx
4%
$238
Vacancy
0%
$0
Maintenance
4%
$238
Other
25%
$1,489