This property looks like a bad Airbnb investment with a projected -17.73% first-year return on $143k initial cash invested.
-17.73%
Cash On Cash
2.11%
Cap Rate
0.35
DSCR
$3,337
Rent
-$2,115
Cashflow
Cash Flow
$3,337 income − $5,452 expenses = $2,115 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,960
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,337
Total Expenses
$5,452
Mortgage P&I
91%
$3,028
Property Taxes
18%
$614
Home Insurance
6%
$209
HOA
0%
$0
Property Management
15%
$501
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$834