This property looks like a bad Airbnb investment with a projected -6.45% first-year return on $140k initial cash invested.
-6.45%
Cash On Cash
4.93%
Cap Rate
0.82
DSCR
$5,268
Rent
-$751
Cashflow
Cash Flow
$5,268 income − $6,019 expenses = $751 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,268
Total Expenses
$6,019
Mortgage P&I
56%
$2,925
Property Taxes
7%
$362
Home Insurance
4%
$203
HOA
0%
$0
Property Management
15%
$790
CapEx
4%
$211
Vacancy
0%
$0
Maintenance
4%
$211
Other
25%
$1,317