This property looks like a bad Airbnb investment with a projected -20.94% first-year return on $140k initial cash invested.
-20.94%
Cash On Cash
1.27%
Cap Rate
0.21
DSCR
$2,233
Rent
-$2,450
Cashflow
Cash Flow
$2,233 income − $4,683 expenses = $2,450 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,830
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,233
Total Expenses
$4,683
Mortgage P&I
133%
$2,976
Property Taxes
13%
$285
Home Insurance
9%
$206
HOA
6%
$145
Property Management
15%
$335
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$558