This property looks like a bad Airbnb investment with a projected -21.68% first-year return on $139k initial cash invested.
-21.68%
Cash On Cash
1.08%
Cap Rate
0.18
DSCR
$2,383
Rent
-$2,507
Cashflow
Cash Flow
$2,383 income − $4,890 expenses = $2,507 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,383
Total Expenses
$4,890
Mortgage P&I
123%
$2,930
Property Taxes
26%
$616
Home Insurance
8%
$201
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596