This property looks like a bad Airbnb investment with a projected -21.63% first-year return on $135k initial cash invested.
-21.63%
Cash On Cash
1.08%
Cap Rate
0.18
DSCR
$2,801
Rent
-$2,439
Cashflow
Cash Flow
$2,801 income − $5,240 expenses = $2,439 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,587
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,801
Total Expenses
$5,240
Mortgage P&I
101%
$2,830
Property Taxes
29%
$814
Home Insurance
7%
$202
HOA
2%
$50
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700