This property looks like a bad Airbnb investment with a projected -18.95% first-year return on $140k initial cash invested.
-18.95%
Cash On Cash
1.99%
Cap Rate
0.31
DSCR
$2,742
Rent
-$2,218
Cashflow
Cash Flow
$2,742 income − $4,960 expenses = $2,218 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,832
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,742
Total Expenses
$4,960
Mortgage P&I
112%
$3,076
Property Taxes
13%
$357
Home Insurance
8%
$210
HOA
0%
$0
Property Management
15%
$411
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$686