This property looks like a bad Airbnb investment with a projected -16.97% first-year return on $141k initial cash invested.
-16.97%
Cash On Cash
2.4%
Cap Rate
0.39
DSCR
$3,570
Rent
-$1,992
Cashflow
Cash Flow
$3,570 income − $5,562 expenses = $1,992 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,570
Total Expenses
$5,562
Mortgage P&I
85%
$3,017
Property Taxes
18%
$626
Home Insurance
6%
$205
HOA
0%
$0
Property Management
15%
$536
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$892