This property looks like a bad Airbnb investment with a projected -15.91% first-year return on $140k initial cash invested.
-15.91%
Cash On Cash
2.83%
Cap Rate
0.44
DSCR
$3,628
Rent
-$1,856
Cashflow
Cash Flow
$3,628 income − $5,484 expenses = $1,856 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,810
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,628
Total Expenses
$5,484
Mortgage P&I
85%
$3,081
Property Taxes
10%
$372
Home Insurance
6%
$217
HOA
2%
$73
Property Management
15%
$544
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$907