This property looks like a bad Airbnb investment with a projected -19.3% first-year return on $136k initial cash invested.
-19.3%
Cash On Cash
2.16%
Cap Rate
0.33
DSCR
$4,149
Rent
-$2,181
Cashflow
Cash Flow
$4,149 income − $6,330 expenses = $2,181 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,149
Total Expenses
$6,330
Mortgage P&I
73%
$3,025
Property Taxes
26%
$1,069
Home Insurance
5%
$196
HOA
1%
$49
Property Management
15%
$622
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,037