This property looks like a bad Airbnb investment with a projected -23.98% first-year return on $138k initial cash invested.
-23.98%
Cash On Cash
0.98%
Cap Rate
0.15
DSCR
$2,004
Rent
-$2,766
Cashflow
Cash Flow
$2,004 income − $4,770 expenses = $2,766 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,733
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,004
Total Expenses
$4,770
Mortgage P&I
157%
$3,152
Property Taxes
18%
$364
Home Insurance
10%
$210
HOA
4%
$82
Property Management
15%
$301
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$501