This property looks like a bad Airbnb investment with a projected -14.44% first-year return on $144k initial cash invested.
-14.44%
Cash On Cash
2.88%
Cap Rate
0.47
DSCR
$3,430
Rent
-$1,732
Cashflow
Cash Flow
$3,430 income − $5,162 expenses = $1,732 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,995
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,430
Total Expenses
$5,162
Mortgage P&I
88%
$3,035
Property Taxes
8%
$271
Home Insurance
6%
$210
HOA
0%
$0
Property Management
15%
$514
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$858