This property looks like a bad Airbnb investment with a projected -17.91% first-year return on $140k initial cash invested.
-17.91%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$2,967
Rent
-$2,093
Cashflow
Cash Flow
$2,967 income − $5,060 expenses = $2,093 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,820
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,967
Total Expenses
$5,060
Mortgage P&I
108%
$3,210
Property Taxes
7%
$221
Home Insurance
7%
$204
HOA
0%
$0
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742