This property looks like a bad Airbnb investment with a projected -22.37% first-year return on $140k initial cash invested.
-22.37%
Cash On Cash
1.35%
Cap Rate
0.21
DSCR
$2,682
Rent
-$2,603
Cashflow
Cash Flow
$2,682 income − $5,285 expenses = $2,603 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,792
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,682
Total Expenses
$5,285
Mortgage P&I
117%
$3,146
Property Taxes
24%
$633
Home Insurance
8%
$220
HOA
0%
$0
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$670