This property looks like a bad Airbnb investment with a projected -26.93% first-year return on $140k initial cash invested.
-26.93%
Cash On Cash
-0.23%
Cap Rate
-0.04
DSCR
$1,633
Rent
-$3,150
Cashflow
Cash Flow
$1,633 income − $4,783 expenses = $3,150 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,826
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,633
Total Expenses
$4,783
Mortgage P&I
182%
$2,971
Property Taxes
50%
$810
Home Insurance
13%
$219
HOA
0%
$0
Property Management
15%
$245
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$408