This property looks like a bad Airbnb investment with a projected -21.94% first-year return on $139k initial cash invested.
-21.94%
Cash On Cash
1.11%
Cap Rate
0.18
DSCR
$3,029
Rent
-$2,548
Cashflow
Cash Flow
$3,029 income − $5,577 expenses = $2,548 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,779
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,029
Total Expenses
$5,577
Mortgage P&I
98%
$2,963
Property Taxes
30%
$916
Home Insurance
8%
$245
HOA
0%
$0
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$757