This property looks like a bad Airbnb investment with a projected -24.24% first-year return on $144k initial cash invested.
-24.24%
Cash On Cash
0.91%
Cap Rate
0.14
DSCR
$3,036
Rent
-$2,905
Cashflow
Cash Flow
$3,036 income − $5,941 expenses = $2,905 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,036
Total Expenses
$5,941
Mortgage P&I
107%
$3,236
Property Taxes
19%
$589
Home Insurance
7%
$210
HOA
15%
$450
Property Management
15%
$455
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$759