This property looks like a bad Airbnb investment with a projected -22.82% first-year return on $135k initial cash invested.
-22.82%
Cash On Cash
1.23%
Cap Rate
0.19
DSCR
$2,383
Rent
-$2,572
Cashflow
Cash Flow
$2,383 income − $4,955 expenses = $2,572 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,582
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,383
Total Expenses
$4,955
Mortgage P&I
128%
$3,051
Property Taxes
19%
$444
Home Insurance
9%
$219
HOA
4%
$98
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596