This property looks like a bad Airbnb investment with a projected -15.29% first-year return on $135k initial cash invested.
-15.29%
Cash On Cash
2.81%
Cap Rate
0.45
DSCR
$3,330
Rent
-$1,725
Cashflow
Cash Flow
$3,330 income − $5,055 expenses = $1,725 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,589
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,330
Total Expenses
$5,055
Mortgage P&I
87%
$2,903
Property Taxes
11%
$356
Home Insurance
6%
$198
HOA
0%
$0
Property Management
15%
$500
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$832