This property looks like a bad Airbnb investment with a projected -20.56% first-year return on $139k initial cash invested.
-20.56%
Cash On Cash
1.75%
Cap Rate
0.27
DSCR
$2,754
Rent
-$2,386
Cashflow
Cash Flow
$2,754 income − $5,140 expenses = $2,386 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,773
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,754
Total Expenses
$5,140
Mortgage P&I
113%
$3,118
Property Taxes
19%
$512
Home Insurance
7%
$189
HOA
0%
$0
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$688