This property looks like a bad Airbnb investment with a projected -21.38% first-year return on $140k initial cash invested.
-21.38%
Cash On Cash
1.92%
Cap Rate
0.28
DSCR
$3,386
Rent
-$2,486
Cashflow
Cash Flow
$3,386 income − $5,872 expenses = $2,486 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,786
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,386
Total Expenses
$5,872
Mortgage P&I
97%
$3,279
Property Taxes
15%
$516
Home Insurance
6%
$203
HOA
7%
$250
Property Management
15%
$508
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$846