This property looks like a bad Airbnb investment with a projected -17.71% first-year return on $136k initial cash invested.
-17.71%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$3,467
Rent
-$2,006
Cashflow
Cash Flow
$3,467 income − $5,473 expenses = $2,006 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,614
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,467
Total Expenses
$5,473
Mortgage P&I
86%
$2,981
Property Taxes
17%
$603
Home Insurance
6%
$224
HOA
0%
$0
Property Management
15%
$520
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$867