This property looks like a bad Airbnb investment with a projected -15.54% first-year return on $136k initial cash invested.
-15.54%
Cash On Cash
2.49%
Cap Rate
0.41
DSCR
$2,872
Rent
-$1,761
Cashflow
Cash Flow
$2,872 income − $4,633 expenses = $1,761 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,619
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,872
Total Expenses
$4,633
Mortgage P&I
98%
$2,812
Property Taxes
8%
$239
Home Insurance
7%
$203
HOA
0%
$0
Property Management
15%
$431
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$718