This property looks like a bad Airbnb investment with a projected -20.11% first-year return on $136k initial cash invested.
-20.11%
Cash On Cash
1.69%
Cap Rate
0.27
DSCR
$2,145
Rent
-$2,280
Cashflow
Cash Flow
$2,145 income − $4,425 expenses = $2,280 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,623
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,145
Total Expenses
$4,425
Mortgage P&I
139%
$2,988
Property Taxes
8%
$169
Home Insurance
11%
$238
HOA
0%
$0
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$536