This property looks like a bad Airbnb investment with a projected -20.67% first-year return on $136k initial cash invested.
-20.67%
Cash On Cash
1.36%
Cap Rate
0.22
DSCR
$3,042
Rent
-$2,350
Cashflow
Cash Flow
$3,042 income − $5,392 expenses = $2,350 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,640
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,042
Total Expenses
$5,392
Mortgage P&I
94%
$2,865
Property Taxes
28%
$861
Home Insurance
7%
$206
HOA
0%
$0
Property Management
15%
$456
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$760