This property looks like a bad Airbnb investment with a projected -13.81% first-year return on $136k initial cash invested.
-13.81%
Cash On Cash
2.96%
Cap Rate
0.49
DSCR
$3,201
Rent
-$1,560
Cashflow
Cash Flow
$3,201 income − $4,761 expenses = $1,560 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,201
Total Expenses
$4,761
Mortgage P&I
88%
$2,815
Property Taxes
5%
$151
Home Insurance
6%
$196
HOA
2%
$63
Property Management
15%
$480
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$800