This property looks like a bad Airbnb investment with a projected -26.41% first-year return on $138k initial cash invested.
-26.41%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$1,644
Rent
-$3,035
Cashflow
Cash Flow
$1,644 income − $4,679 expenses = $3,035 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,709
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,644
Total Expenses
$4,679
Mortgage P&I
190%
$3,119
Property Taxes
29%
$470
Home Insurance
16%
$271
HOA
2%
$29
Property Management
15%
$247
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$411