This property looks like a bad Airbnb investment with a projected -17.41% first-year return on $142k initial cash invested.
-17.41%
Cash On Cash
2.18%
Cap Rate
0.36
DSCR
$3,060
Rent
-$2,064
Cashflow
Cash Flow
$3,060 income − $5,124 expenses = $2,064 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,917
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$5,124
Mortgage P&I
99%
$3,016
Property Taxes
14%
$430
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$765