This property looks like a bad Airbnb investment with a projected -23.32% first-year return on $140k initial cash invested.
-23.32%
Cash On Cash
0.7%
Cap Rate
0.11
DSCR
$2,938
Rent
-$2,721
Cashflow
Cash Flow
$2,938 income − $5,659 expenses = $2,721 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,810
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,938
Total Expenses
$5,659
Mortgage P&I
100%
$2,940
Property Taxes
33%
$980
Home Insurance
7%
$203
HOA
4%
$125
Property Management
15%
$441
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$734