This property looks like a bad Airbnb investment with a projected -17.87% first-year return on $140k initial cash invested.
-17.87%
Cash On Cash
2.02%
Cap Rate
0.33
DSCR
$3,033
Rent
-$2,086
Cashflow
Cash Flow
$3,033 income − $5,119 expenses = $2,086 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,814
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,033
Total Expenses
$5,119
Mortgage P&I
97%
$2,946
Property Taxes
17%
$508
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$455
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$758