This property looks like a bad Airbnb investment with a projected -12.26% first-year return on $140k initial cash invested.
-12.26%
Cash On Cash
3.6%
Cap Rate
0.58
DSCR
$4,636
Rent
-$1,428
Cashflow
Cash Flow
$4,636 income − $6,064 expenses = $1,428 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,636
Total Expenses
$6,064
Mortgage P&I
64%
$2,985
Property Taxes
14%
$652
Home Insurance
4%
$203
HOA
0%
$0
Property Management
15%
$695
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,159