This property looks like a bad Airbnb investment with a projected -16.41% first-year return on $137k initial cash invested.
-16.41%
Cash On Cash
2.5%
Cap Rate
0.41
DSCR
$3,920
Rent
-$1,869
Cashflow
Cash Flow
$3,920 income − $5,789 expenses = $1,869 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,651
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,920
Total Expenses
$5,789
Mortgage P&I
74%
$2,888
Property Taxes
21%
$827
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$588
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$980