This property looks like a bad Airbnb investment with a projected -23.16% first-year return on $140k initial cash invested.
-23.16%
Cash On Cash
1.27%
Cap Rate
0.19
DSCR
$3,838
Rent
-$2,694
Cashflow
Cash Flow
$3,838 income − $6,532 expenses = $2,694 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,838
Total Expenses
$6,532
Mortgage P&I
82%
$3,152
Property Taxes
32%
$1,234
Home Insurance
5%
$203
HOA
3%
$99
Property Management
15%
$576
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$960