This property looks like a bad Airbnb investment with a projected -13.33% first-year return on $137k initial cash invested.
-13.33%
Cash On Cash
3.1%
Cap Rate
0.51
DSCR
$3,346
Rent
-$1,527
Cashflow
Cash Flow
$3,346 income − $4,873 expenses = $1,527 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,346
Total Expenses
$4,873
Mortgage P&I
86%
$2,864
Property Taxes
6%
$204
Home Insurance
6%
$199
HOA
0%
$0
Property Management
15%
$502
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$836