This property looks like a bad Airbnb investment with a projected -20.24% first-year return on $138k initial cash invested.
-20.24%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$4,079
Rent
-$2,326
Cashflow
Cash Flow
$4,079 income − $6,405 expenses = $2,326 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,711
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,079
Total Expenses
$6,405
Mortgage P&I
76%
$3,109
Property Taxes
28%
$1,128
Home Insurance
5%
$210
HOA
0%
$0
Property Management
15%
$612
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,020