This property looks like a bad Airbnb investment with a projected -20.95% first-year return on $142k initial cash invested.
-20.95%
Cash On Cash
1.26%
Cap Rate
0.21
DSCR
$2,355
Rent
-$2,471
Cashflow
Cash Flow
$2,355 income − $4,826 expenses = $2,471 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,884
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,355
Total Expenses
$4,826
Mortgage P&I
127%
$2,997
Property Taxes
21%
$494
Home Insurance
9%
$205
HOA
0%
$0
Property Management
15%
$353
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$589