This property looks like a bad Airbnb investment with a projected -26.89% first-year return on $140k initial cash invested.
-26.89%
Cash On Cash
0.18%
Cap Rate
0.03
DSCR
$1,480
Rent
-$3,128
Cashflow
Cash Flow
$1,480 income − $4,608 expenses = $3,128 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,480
Total Expenses
$4,608
Mortgage P&I
213%
$3,156
Property Taxes
36%
$539
Home Insurance
14%
$203
HOA
0%
$0
Property Management
15%
$222
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$370