This property looks like a bad Airbnb investment with a projected -19.1% first-year return on $141k initial cash invested.
-19.1%
Cash On Cash
1.68%
Cap Rate
0.28
DSCR
$2,454
Rent
-$2,250
Cashflow
Cash Flow
$2,454 income − $4,704 expenses = $2,250 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,873
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,454
Total Expenses
$4,704
Mortgage P&I
121%
$2,972
Property Taxes
14%
$335
Home Insurance
9%
$219
HOA
0%
$0
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$614