This property looks like a bad Airbnb investment with a projected -22.14% first-year return on $136k initial cash invested.
-22.14%
Cash On Cash
1.49%
Cap Rate
0.23
DSCR
$3,604
Rent
-$2,509
Cashflow
Cash Flow
$3,604 income − $6,113 expenses = $2,509 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,619
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,604
Total Expenses
$6,113
Mortgage P&I
85%
$3,063
Property Taxes
24%
$867
Home Insurance
6%
$201
HOA
7%
$252
Property Management
15%
$541
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$901