This property looks like a bad Airbnb investment with a projected -21.17% first-year return on $136k initial cash invested.
-21.17%
Cash On Cash
1.67%
Cap Rate
0.26
DSCR
$3,309
Rent
-$2,404
Cashflow
Cash Flow
$3,309 income − $5,713 expenses = $2,404 out of pocket
Investment Breakdown
|
Purchase Price
$563k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,631
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,309
Total Expenses
$5,713
Mortgage P&I
92%
$3,054
Property Taxes
27%
$880
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$496
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$827