This property looks like a bad Airbnb investment with a projected -17.59% first-year return on $135k initial cash invested.
-17.59%
Cash On Cash
2.62%
Cap Rate
0.4
DSCR
$3,443
Rent
-$1,983
Cashflow
Cash Flow
$3,443 income − $5,426 expenses = $1,983 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,584
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,443
Total Expenses
$5,426
Mortgage P&I
89%
$3,065
Property Taxes
15%
$508
Home Insurance
6%
$200
HOA
0%
$0
Property Management
15%
$516
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$861