This property looks like a bad Airbnb investment with a projected -21.5% first-year return on $136k initial cash invested.
-21.5%
Cash On Cash
1.17%
Cap Rate
0.19
DSCR
$3,060
Rent
-$2,434
Cashflow
Cash Flow
$3,060 income − $5,494 expenses = $2,434 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,613
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$5,494
Mortgage P&I
93%
$2,860
Property Taxes
31%
$956
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$765