This property looks like a bad Airbnb investment with a projected -19.44% first-year return on $139k initial cash invested.
-19.44%
Cash On Cash
2.22%
Cap Rate
0.33
DSCR
$3,255
Rent
-$2,251
Cashflow
Cash Flow
$3,255 income − $5,506 expenses = $2,251 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,760
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,255
Total Expenses
$5,506
Mortgage P&I
98%
$3,185
Property Taxes
17%
$556
Home Insurance
6%
$203
HOA
0%
$0
Property Management
15%
$488
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$814