This property looks like a bad Airbnb investment with a projected -18.51% first-year return on $135k initial cash invested.
-18.51%
Cash On Cash
1.91%
Cap Rate
0.31
DSCR
$2,630
Rent
-$2,085
Cashflow
Cash Flow
$2,630 income − $4,715 expenses = $2,085 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,581
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,630
Total Expenses
$4,715
Mortgage P&I
109%
$2,867
Property Taxes
15%
$383
Home Insurance
8%
$203
HOA
0%
$0
Property Management
15%
$394
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658