This property looks like a bad Airbnb investment with a projected -21.68% first-year return on $139k initial cash invested.
-21.68%
Cash On Cash
0.99%
Cap Rate
0.16
DSCR
$2,040
Rent
-$2,507
Cashflow
Cash Flow
$2,040 income − $4,547 expenses = $2,507 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,040
Total Expenses
$4,547
Mortgage P&I
142%
$2,901
Property Taxes
22%
$442
Home Insurance
10%
$203
HOA
1%
$21
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510