This property looks like a bad Airbnb investment with a projected -12.38% first-year return on $144k initial cash invested.
-12.38%
Cash On Cash
3.54%
Cap Rate
0.57
DSCR
$4,341
Rent
-$1,485
Cashflow
Cash Flow
$4,341 income − $5,826 expenses = $1,485 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,341
Total Expenses
$5,826
Mortgage P&I
71%
$3,083
Property Taxes
10%
$449
Home Insurance
5%
$210
HOA
0%
$0
Property Management
15%
$651
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,085