This property looks like a bad Airbnb investment with a projected -17.46% first-year return on $137k initial cash invested.
-17.46%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$4,607
Rent
-$2,000
Cashflow
Cash Flow
$4,607 income − $6,607 expenses = $2,000 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,607
Total Expenses
$6,607
Mortgage P&I
67%
$3,074
Property Taxes
14%
$662
Home Insurance
5%
$238
HOA
9%
$422
Property Management
15%
$691
CapEx
4%
$184
Vacancy
0%
$0
Maintenance
4%
$184
Other
25%
$1,152