This property looks like a bad Airbnb investment with a projected -18.52% first-year return on $139k initial cash invested.
-18.52%
Cash On Cash
2.08%
Cap Rate
0.33
DSCR
$2,481
Rent
-$2,150
Cashflow
Cash Flow
$2,481 income − $4,631 expenses = $2,150 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,775
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,481
Total Expenses
$4,631
Mortgage P&I
123%
$3,053
Property Taxes
7%
$178
Home Insurance
8%
$210
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$620