This property looks like a bad Airbnb investment with a projected -27.27% first-year return on $137k initial cash invested.
-27.27%
Cash On Cash
-0.42%
Cap Rate
-0.07
DSCR
$1,399
Rent
-$3,117
Cashflow
Cash Flow
$1,399 income − $4,516 expenses = $3,117 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,674
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,399
Total Expenses
$4,516
Mortgage P&I
205%
$2,864
Property Taxes
54%
$761
Home Insurance
16%
$219
HOA
0%
$0
Property Management
15%
$210
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$350