This property looks like a bad Airbnb investment with a projected -16.84% first-year return on $139k initial cash invested.
-16.84%
Cash On Cash
2.46%
Cap Rate
0.39
DSCR
$3,283
Rent
-$1,949
Cashflow
Cash Flow
$3,283 income − $5,232 expenses = $1,949 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,755
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,283
Total Expenses
$5,232
Mortgage P&I
91%
$2,999
Property Taxes
14%
$457
Home Insurance
6%
$201
HOA
0%
$0
Property Management
15%
$492
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$821