This property looks like a bad Airbnb investment with a projected -14.77% first-year return on $142k initial cash invested.
-14.77%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$3,553
Rent
-$1,746
Cashflow
Cash Flow
$3,553 income − $5,299 expenses = $1,746 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,897
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,553
Total Expenses
$5,299
Mortgage P&I
84%
$2,979
Property Taxes
11%
$395
Home Insurance
6%
$214
HOA
0%
$6
Property Management
15%
$533
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$888