This property looks like a bad Airbnb investment with a projected -11.85% first-year return on $139k initial cash invested.
-11.85%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$3,900
Rent
-$1,370
Cashflow
Cash Flow
$3,900 income − $5,270 expenses = $1,370 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%
$5,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,900
Total Expenses
$5,270
Mortgage P&I
75%
$2,914
Property Taxes
7%
$283
Home Insurance
5%
$201
HOA
0%
$0
Property Management
15%
$585
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$975