This property looks like a bad Airbnb investment with a projected -25.8% first-year return on $135k initial cash invested.
-25.8%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$1,851
Rent
-$2,896
Cashflow
Cash Flow
$1,851 income − $4,747 expenses = $2,896 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,558
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,851
Total Expenses
$4,747
Mortgage P&I
162%
$3,002
Property Taxes
34%
$628
Home Insurance
12%
$228
HOA
0%
$0
Property Management
15%
$278
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$463