This property looks like a bad Airbnb investment with a projected -21.55% first-year return on $136k initial cash invested.
-21.55%
Cash On Cash
1.61%
Cap Rate
0.24
DSCR
$2,411
Rent
-$2,440
Cashflow
Cash Flow
$2,411 income − $4,851 expenses = $2,440 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,614
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,411
Total Expenses
$4,851
Mortgage P&I
128%
$3,095
Property Taxes
17%
$403
Home Insurance
8%
$196
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$603