This property looks like a bad Airbnb investment with a projected -17.94% first-year return on $139k initial cash invested.
-17.94%
Cash On Cash
1.93%
Cap Rate
0.32
DSCR
$2,555
Rent
-$2,075
Cashflow
Cash Flow
$2,555 income − $4,630 expenses = $2,075 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,754
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,555
Total Expenses
$4,630
Mortgage P&I
113%
$2,897
Property Taxes
12%
$304
Home Insurance
8%
$203
HOA
0%
$0
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$639