This property looks like a bad Airbnb investment with a projected -24.96% first-year return on $139k initial cash invested.
-24.96%
Cash On Cash
0.8%
Cap Rate
0.12
DSCR
$2,419
Rent
-$2,886
Cashflow
Cash Flow
$2,419 income − $5,305 expenses = $2,886 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,419
Total Expenses
$5,305
Mortgage P&I
131%
$3,171
Property Taxes
30%
$721
Home Insurance
8%
$201
HOA
2%
$50
Property Management
15%
$363
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$605