This property looks like a bad Airbnb investment with a projected -15.64% first-year return on $146k initial cash invested.
-15.64%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$3,744
Rent
-$1,902
Cashflow
Cash Flow
$3,744 income − $5,646 expenses = $1,902 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$116k
Closing costs
1%
$5,806
Rehab
0%
$0
Furnishing
4%
$24,000
Cashflow
Total Income
$3,744
Total Expenses
$5,646
Mortgage P&I
83%
$3,125
Property Taxes
14%
$520
Home Insurance
5%
$203
HOA
0%
$0
Property Management
15%
$562
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$936