This property looks like a bad Airbnb investment with a projected -20.44% first-year return on $136k initial cash invested.
-20.44%
Cash On Cash
1.59%
Cap Rate
0.25
DSCR
$2,536
Rent
-$2,310
Cashflow
Cash Flow
$2,536 income − $4,846 expenses = $2,310 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,536
Total Expenses
$4,846
Mortgage P&I
116%
$2,952
Property Taxes
19%
$486
Home Insurance
8%
$192
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$634