This property looks like a bad Airbnb investment with a projected -17.35% first-year return on $142k initial cash invested.
-17.35%
Cash On Cash
2.15%
Cap Rate
0.35
DSCR
$2,473
Rent
-$2,051
Cashflow
Cash Flow
$2,473 income − $4,524 expenses = $2,051 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,473
Total Expenses
$4,524
Mortgage P&I
122%
$3,011
Property Taxes
5%
$120
Home Insurance
8%
$206
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618