This property looks like a bad Airbnb investment with a projected -11.53% first-year return on $140k initial cash invested.
-11.53%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$4,631
Rent
-$1,343
Cashflow
Cash Flow
$4,631 income − $5,974 expenses = $1,343 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,801
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,631
Total Expenses
$5,974
Mortgage P&I
64%
$2,958
Property Taxes
12%
$574
Home Insurance
4%
$205
HOA
0%
$14
Property Management
15%
$695
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,158