This property looks like a bad Airbnb investment with a projected -22.33% first-year return on $139k initial cash invested.
-22.33%
Cash On Cash
1.34%
Cap Rate
0.21
DSCR
$2,483
Rent
-$2,581
Cashflow
Cash Flow
$2,483 income − $5,064 expenses = $2,581 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,483
Total Expenses
$5,064
Mortgage P&I
126%
$3,124
Property Taxes
22%
$541
Home Insurance
8%
$201
HOA
0%
$7
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$621