This property looks like a bad Airbnb investment with a projected -13.87% first-year return on $144k initial cash invested.
-13.87%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$4,957
Rent
-$1,663
Cashflow
Cash Flow
$4,957 income − $6,620 expenses = $1,663 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,994
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,957
Total Expenses
$6,620
Mortgage P&I
66%
$3,271
Property Taxes
15%
$760
Home Insurance
4%
$210
HOA
0%
$0
Property Management
15%
$744
CapEx
4%
$198
Vacancy
0%
$0
Maintenance
4%
$198
Other
25%
$1,239