This property looks like a bad Airbnb investment with a projected -14.11% first-year return on $140k initial cash invested.
-14.11%
Cash On Cash
3.1%
Cap Rate
0.5
DSCR
$3,790
Rent
-$1,645
Cashflow
Cash Flow
$3,790 income − $5,435 expenses = $1,645 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,807
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,790
Total Expenses
$5,435
Mortgage P&I
79%
$2,993
Property Taxes
11%
$416
Home Insurance
5%
$206
HOA
0%
$0
Property Management
15%
$568
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$948