This property looks like a bad Airbnb investment with a projected -28.8% first-year return on $135k initial cash invested.
-28.8%
Cash On Cash
-0.76%
Cap Rate
-0.12
DSCR
$1,472
Rent
-$3,238
Cashflow
Cash Flow
$1,472 income − $4,710 expenses = $3,238 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,567
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,472
Total Expenses
$4,710
Mortgage P&I
192%
$2,827
Property Taxes
66%
$975
Home Insurance
14%
$201
HOA
0%
$0
Property Management
15%
$221
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$368