This property looks like a bad Airbnb investment with a projected -13.47% first-year return on $138k initial cash invested.
-13.47%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$3,643
Rent
-$1,545
Cashflow
Cash Flow
$3,643 income − $5,188 expenses = $1,545 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,696
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,643
Total Expenses
$5,188
Mortgage P&I
80%
$2,928
Property Taxes
8%
$308
Home Insurance
6%
$203
HOA
0%
$0
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$911