This property looks like a bad Airbnb investment with a projected -19.5% first-year return on $138k initial cash invested.
-19.5%
Cash On Cash
2.19%
Cap Rate
0.33
DSCR
$3,948
Rent
-$2,247
Cashflow
Cash Flow
$3,948 income − $6,195 expenses = $2,247 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,727
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,948
Total Expenses
$6,195
Mortgage P&I
79%
$3,132
Property Taxes
17%
$665
Home Insurance
5%
$206
HOA
8%
$297
Property Management
15%
$592
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$987