This property looks like a bad Airbnb investment with a projected -20.8% first-year return on $138k initial cash invested.
-20.8%
Cash On Cash
1.31%
Cap Rate
0.21
DSCR
$2,404
Rent
-$2,400
Cashflow
Cash Flow
$2,404 income − $4,804 expenses = $2,400 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,736
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,404
Total Expenses
$4,804
Mortgage P&I
122%
$2,929
Property Taxes
21%
$511
Home Insurance
9%
$210
HOA
0%
$0
Property Management
15%
$361
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$601