This property looks like a bad Airbnb investment with a projected -28.34% first-year return on $136k initial cash invested.
-28.34%
Cash On Cash
-0.06%
Cap Rate
-0.01
DSCR
$1,954
Rent
-$3,202
Cashflow
Cash Flow
$1,954 income − $5,156 expenses = $3,202 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,954
Total Expenses
$5,156
Mortgage P&I
158%
$3,094
Property Taxes
38%
$748
Home Insurance
10%
$196
HOA
9%
$181
Property Management
15%
$293
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$488