This property looks like a bad Airbnb investment with a projected -18.55% first-year return on $138k initial cash invested.
-18.55%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$2,830
Rent
-$2,126
Cashflow
Cash Flow
$2,830 income − $4,956 expenses = $2,126 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,693
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$4,956
Mortgage P&I
103%
$2,923
Property Taxes
17%
$472
Home Insurance
7%
$203
HOA
0%
$0
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708