This property looks like a bad Airbnb investment with a projected -14.8% first-year return on $136k initial cash invested.
-14.8%
Cash On Cash
2.9%
Cap Rate
0.48
DSCR
$4,617
Rent
-$1,675
Cashflow
Cash Flow
$4,617 income − $6,292 expenses = $1,675 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,611
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,617
Total Expenses
$6,292
Mortgage P&I
62%
$2,844
Property Taxes
22%
$1,003
Home Insurance
5%
$228
HOA
0%
$0
Property Management
15%
$693
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,154