This property looks like a bad Airbnb investment with a projected -14.59% first-year return on $140k initial cash invested.
-14.59%
Cash On Cash
2.97%
Cap Rate
0.48
DSCR
$3,891
Rent
-$1,699
Cashflow
Cash Flow
$3,891 income − $5,590 expenses = $1,699 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,891
Total Expenses
$5,590
Mortgage P&I
77%
$2,980
Property Taxes
14%
$538
Home Insurance
5%
$203
HOA
0%
$0
Property Management
15%
$584
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$973