This property looks like a bad Airbnb investment with a projected -13.34% first-year return on $136k initial cash invested.
-13.34%
Cash On Cash
3.48%
Cap Rate
0.54
DSCR
$3,787
Rent
-$1,508
Cashflow
Cash Flow
$3,787 income − $5,295 expenses = $1,508 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,601
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,787
Total Expenses
$5,295
Mortgage P&I
79%
$2,981
Property Taxes
8%
$305
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$568
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$947