This property looks like a bad Airbnb investment with a projected -15.08% first-year return on $144k initial cash invested.
-15.08%
Cash On Cash
2.73%
Cap Rate
0.45
DSCR
$3,226
Rent
-$1,805
Cashflow
Cash Flow
$3,226 income − $5,031 expenses = $1,805 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,982
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,226
Total Expenses
$5,031
Mortgage P&I
94%
$3,038
Property Taxes
7%
$226
Home Insurance
7%
$219
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$806