This property looks like a bad Airbnb investment with a projected -13.92% first-year return on $137k initial cash invested.
-13.92%
Cash On Cash
3.09%
Cap Rate
0.5
DSCR
$3,678
Rent
-$1,593
Cashflow
Cash Flow
$3,678 income − $5,271 expenses = $1,593 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,680
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,678
Total Expenses
$5,271
Mortgage P&I
79%
$2,910
Property Taxes
9%
$320
Home Insurance
6%
$210
HOA
2%
$65
Property Management
15%
$552
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$920