This property looks like a bad Airbnb investment with a projected -17.34% first-year return on $139k initial cash invested.
-17.34%
Cash On Cash
2.19%
Cap Rate
0.36
DSCR
$2,779
Rent
-$2,014
Cashflow
Cash Flow
$2,779 income − $4,793 expenses = $2,014 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,778
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,779
Total Expenses
$4,793
Mortgage P&I
106%
$2,959
Property Taxes
11%
$292
Home Insurance
7%
$208
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$695