This property looks like a bad Airbnb investment with a projected -25.7% first-year return on $139k initial cash invested.
-25.7%
Cash On Cash
0.08%
Cap Rate
0.01
DSCR
$1,592
Rent
-$2,971
Cashflow
Cash Flow
$1,592 income − $4,563 expenses = $2,971 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,592
Total Expenses
$4,563
Mortgage P&I
185%
$2,945
Property Taxes
41%
$652
Home Insurance
13%
$201
HOA
0%
$0
Property Management
15%
$239
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$398