This property looks like a bad Airbnb investment with a projected -17.83% first-year return on $136k initial cash invested.
-17.83%
Cash On Cash
2.17%
Cap Rate
0.35
DSCR
$3,849
Rent
-$2,018
Cashflow
Cash Flow
$3,849 income − $5,867 expenses = $2,018 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,612
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,849
Total Expenses
$5,867
Mortgage P&I
75%
$2,878
Property Taxes
25%
$944
Home Insurance
5%
$198
HOA
0%
$0
Property Management
15%
$577
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$962