This property looks like a bad Airbnb investment with a projected -19.16% first-year return on $137k initial cash invested.
-19.16%
Cash On Cash
1.7%
Cap Rate
0.28
DSCR
$3,083
Rent
-$2,190
Cashflow
Cash Flow
$3,083 income − $5,273 expenses = $2,190 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,676
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,083
Total Expenses
$5,273
Mortgage P&I
93%
$2,870
Property Taxes
19%
$591
Home Insurance
7%
$203
HOA
4%
$130
Property Management
15%
$462
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$771