This property looks like a bad Airbnb investment with a projected -22.87% first-year return on $136k initial cash invested.
-22.87%
Cash On Cash
0.75%
Cap Rate
0.12
DSCR
$1,886
Rent
-$2,601
Cashflow
Cash Flow
$1,886 income − $4,487 expenses = $2,601 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,641
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,886
Total Expenses
$4,487
Mortgage P&I
153%
$2,880
Property Taxes
26%
$489
Home Insurance
11%
$198
HOA
1%
$15
Property Management
15%
$283
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$472