This property looks like a bad Airbnb investment with a projected -11.73% first-year return on $139k initial cash invested.
-11.73%
Cash On Cash
3.68%
Cap Rate
0.6
DSCR
$4,664
Rent
-$1,358
Cashflow
Cash Flow
$4,664 income − $6,022 expenses = $1,358 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,761
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,664
Total Expenses
$6,022
Mortgage P&I
63%
$2,940
Property Taxes
14%
$636
Home Insurance
4%
$206
HOA
0%
$0
Property Management
15%
$700
CapEx
4%
$187
Vacancy
0%
$0
Maintenance
4%
$187
Other
25%
$1,166