This property looks like a bad Airbnb investment with a projected -29.39% first-year return on $140k initial cash invested.
-29.39%
Cash On Cash
-0.97%
Cap Rate
-0.16
DSCR
$0
Rent
-$3,426
Cashflow
Cash Flow
$0 income − $3,426 expenses = $3,426 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,803
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$0
Total Expenses
$3,426
Mortgage P&I
29580000%
$2,958
Property Taxes
2600000%
$260
Home Insurance
2080000%
$208
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0