This property looks like a bad Airbnb investment with a projected -19.85% first-year return on $136k initial cash invested.
-19.85%
Cash On Cash
1.8%
Cap Rate
0.28
DSCR
$2,445
Rent
-$2,243
Cashflow
Cash Flow
$2,445 income − $4,688 expenses = $2,243 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,445
Total Expenses
$4,688
Mortgage P&I
122%
$2,984
Property Taxes
14%
$334
Home Insurance
8%
$196
HOA
0%
$0
Property Management
15%
$367
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$611