This property looks like a bad Airbnb investment with a projected -23.8% first-year return on $141k initial cash invested.
-23.8%
Cash On Cash
1.1%
Cap Rate
0.17
DSCR
$1,979
Rent
-$2,793
Cashflow
Cash Flow
$1,979 income − $4,772 expenses = $2,793 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,979
Total Expenses
$4,772
Mortgage P&I
164%
$3,252
Property Taxes
18%
$365
Home Insurance
10%
$205
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$495