This property looks like a bad Airbnb investment with a projected -20.74% first-year return on $137k initial cash invested.
-20.74%
Cash On Cash
1.34%
Cap Rate
0.22
DSCR
$3,265
Rent
-$2,361
Cashflow
Cash Flow
$3,265 income − $5,626 expenses = $2,361 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,648
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,265
Total Expenses
$5,626
Mortgage P&I
88%
$2,859
Property Taxes
29%
$961
Home Insurance
6%
$203
HOA
1%
$35
Property Management
15%
$490
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$816