This property looks like a bad Airbnb investment with a projected -19.41% first-year return on $143k initial cash invested.
-19.41%
Cash On Cash
1.69%
Cap Rate
0.28
DSCR
$2,664
Rent
-$2,314
Cashflow
Cash Flow
$2,664 income − $4,978 expenses = $2,314 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,955
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,664
Total Expenses
$4,978
Mortgage P&I
114%
$3,048
Property Taxes
15%
$388
Home Insurance
10%
$262
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$666