This property looks like a bad Airbnb investment with a projected -15.44% first-year return on $139k initial cash invested.
-15.44%
Cash On Cash
2.82%
Cap Rate
0.45
DSCR
$3,837
Rent
-$1,783
Cashflow
Cash Flow
$3,837 income − $5,620 expenses = $1,783 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,741
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,837
Total Expenses
$5,620
Mortgage P&I
78%
$2,979
Property Taxes
16%
$599
Home Insurance
5%
$201
HOA
0%
$0
Property Management
15%
$576
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$959