This property looks like a bad Airbnb investment with a projected -15.01% first-year return on $138k initial cash invested.
-15.01%
Cash On Cash
2.58%
Cap Rate
0.43
DSCR
$2,815
Rent
-$1,726
Cashflow
Cash Flow
$2,815 income − $4,541 expenses = $1,726 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,712
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,815
Total Expenses
$4,541
Mortgage P&I
101%
$2,843
Property Taxes
5%
$140
Home Insurance
7%
$206
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$704