This property looks like a bad Airbnb investment with a projected -16.47% first-year return on $139k initial cash invested.
-16.47%
Cash On Cash
2.94%
Cap Rate
0.44
DSCR
$3,635
Rent
-$1,904
Cashflow
Cash Flow
$3,635 income − $5,539 expenses = $1,904 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,635
Total Expenses
$5,539
Mortgage P&I
87%
$3,166
Property Taxes
12%
$428
Home Insurance
6%
$201
HOA
0%
$0
Property Management
15%
$545
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$909