This property looks like a bad Airbnb investment with a projected -15.48% first-year return on $139k initial cash invested.
-15.48%
Cash On Cash
2.71%
Cap Rate
0.44
DSCR
$4,042
Rent
-$1,789
Cashflow
Cash Flow
$4,042 income − $5,831 expenses = $1,789 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,747
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,042
Total Expenses
$5,831
Mortgage P&I
72%
$2,923
Property Taxes
17%
$689
Home Insurance
5%
$217
HOA
2%
$62
Property Management
15%
$606
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,010