This property looks like a bad Airbnb investment with a projected -11.38% first-year return on $138k initial cash invested.
-11.38%
Cash On Cash
3.59%
Cap Rate
0.6
DSCR
$4,202
Rent
-$1,310
Cashflow
Cash Flow
$4,202 income − $5,512 expenses = $1,310 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,719
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,202
Total Expenses
$5,512
Mortgage P&I
68%
$2,854
Property Taxes
10%
$432
Home Insurance
5%
$210
HOA
0%
$0
Property Management
15%
$630
CapEx
4%
$168
Vacancy
0%
$0
Maintenance
4%
$168
Other
25%
$1,050