This property looks like a bad Airbnb investment with a projected -24.32% first-year return on $136k initial cash invested.
-24.32%
Cash On Cash
0.9%
Cap Rate
0.14
DSCR
$2,044
Rent
-$2,761
Cashflow
Cash Flow
$2,044 income − $4,805 expenses = $2,761 out of pocket
Investment Breakdown
|
Purchase Price
$563k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,629
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,044
Total Expenses
$4,805
Mortgage P&I
152%
$3,103
Property Taxes
25%
$515
Home Insurance
10%
$205
HOA
0%
$0
Property Management
15%
$307
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$511