This property looks like a bad Airbnb investment with a projected -13.86% first-year return on $140k initial cash invested.
-13.86%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$4,604
Rent
-$1,612
Cashflow
Cash Flow
$4,604 income − $6,216 expenses = $1,612 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,604
Total Expenses
$6,216
Mortgage P&I
69%
$3,166
Property Taxes
14%
$630
Home Insurance
5%
$210
HOA
0%
$0
Property Management
15%
$691
CapEx
4%
$184
Vacancy
0%
$0
Maintenance
4%
$184
Other
25%
$1,151