This property looks like a bad Airbnb investment with a projected -20.83% first-year return on $139k initial cash invested.
-20.83%
Cash On Cash
2.03%
Cap Rate
0.3
DSCR
$3,082
Rent
-$2,405
Cashflow
Cash Flow
$3,082 income − $5,487 expenses = $2,405 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,740
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,082
Total Expenses
$5,487
Mortgage P&I
106%
$3,253
Property Taxes
18%
$555
Home Insurance
7%
$201
HOA
0%
$0
Property Management
15%
$462
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$770