This property looks like a bad Airbnb investment with a projected -23.28% first-year return on $140k initial cash invested.
-23.28%
Cash On Cash
0.95%
Cap Rate
0.15
DSCR
$2,652
Rent
-$2,723
Cashflow
Cash Flow
$2,652 income − $5,375 expenses = $2,723 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,827
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,652
Total Expenses
$5,375
Mortgage P&I
116%
$3,078
Property Taxes
15%
$388
Home Insurance
9%
$228
HOA
15%
$408
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$663