This property looks like a bad Airbnb investment with a projected -19.59% first-year return on $135k initial cash invested.
-19.59%
Cash On Cash
2.05%
Cap Rate
0.32
DSCR
$3,365
Rent
-$2,208
Cashflow
Cash Flow
$3,365 income − $5,573 expenses = $2,208 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,585
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,365
Total Expenses
$5,573
Mortgage P&I
90%
$3,029
Property Taxes
22%
$736
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$505
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$841