This property looks like a bad Airbnb investment with a projected -16.86% first-year return on $139k initial cash invested.
-16.86%
Cash On Cash
2.18%
Cap Rate
0.36
DSCR
$2,232
Rent
-$1,949
Cashflow
Cash Flow
$2,232 income − $4,181 expenses = $1,949 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,232
Total Expenses
$4,181
Mortgage P&I
130%
$2,905
Property Taxes
0%
$4
Home Insurance
9%
$201
HOA
0%
$0
Property Management
15%
$335
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$558