This property looks like a bad Airbnb investment with a projected -12.79% first-year return on $134k initial cash invested.
-12.79%
Cash On Cash
3.36%
Cap Rate
0.55
DSCR
$3,965
Rent
-$1,430
Cashflow
Cash Flow
$3,965 income − $5,395 expenses = $1,430 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,533
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,965
Total Expenses
$5,395
Mortgage P&I
71%
$2,821
Property Taxes
12%
$469
Home Insurance
5%
$201
HOA
0%
$0
Property Management
15%
$595
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$991