This property looks like a bad Airbnb investment with a projected -20.03% first-year return on $133k initial cash invested.
-20.03%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$2,144
Rent
-$2,228
Cashflow
Cash Flow
$2,144 income − $4,372 expenses = $2,228 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,144
Total Expenses
$4,372
Mortgage P&I
131%
$2,808
Property Taxes
16%
$342
Home Insurance
9%
$192
HOA
0%
$0
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$536