This property looks like a bad Airbnb investment with a projected -17.06% first-year return on $140k initial cash invested.
-17.06%
Cash On Cash
2.51%
Cap Rate
0.39
DSCR
$3,096
Rent
-$1,994
Cashflow
Cash Flow
$3,096 income − $5,090 expenses = $1,994 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,820
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,096
Total Expenses
$5,090
Mortgage P&I
100%
$3,085
Property Taxes
8%
$246
Home Insurance
7%
$205
HOA
2%
$68
Property Management
15%
$464
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774