This property looks like a bad Airbnb investment with a projected -14.22% first-year return on $137k initial cash invested.
-14.22%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$3,987
Rent
-$1,628
Cashflow
Cash Flow
$3,987 income − $5,615 expenses = $1,628 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,687
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,987
Total Expenses
$5,615
Mortgage P&I
78%
$3,122
Property Taxes
10%
$380
Home Insurance
5%
$200
HOA
0%
$0
Property Management
15%
$598
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$997