This property looks like a bad Airbnb investment with a projected -8.94% first-year return on $143k initial cash invested.
-8.94%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$5,813
Rent
-$1,068
Cashflow
Cash Flow
$5,813 income − $6,881 expenses = $1,068 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,972
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,813
Total Expenses
$6,881
Mortgage P&I
56%
$3,226
Property Taxes
9%
$534
Home Insurance
4%
$210
HOA
2%
$120
Property Management
15%
$872
CapEx
4%
$233
Vacancy
0%
$0
Maintenance
4%
$233
Other
25%
$1,453