This property looks like a bad Airbnb investment with a projected -20.06% first-year return on $137k initial cash invested.
-20.06%
Cash On Cash
1.54%
Cap Rate
0.25
DSCR
$3,101
Rent
-$2,284
Cashflow
Cash Flow
$3,101 income − $5,385 expenses = $2,284 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,649
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,101
Total Expenses
$5,385
Mortgage P&I
93%
$2,884
Property Taxes
26%
$815
Home Insurance
6%
$198
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$775