This property looks like a bad Airbnb investment with a projected -18.87% first-year return on $144k initial cash invested.
-18.87%
Cash On Cash
1.9%
Cap Rate
0.31
DSCR
$2,842
Rent
-$2,266
Cashflow
Cash Flow
$2,842 income − $5,108 expenses = $2,266 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,005
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,842
Total Expenses
$5,108
Mortgage P&I
109%
$3,102
Property Taxes
13%
$366
Home Insurance
9%
$247
HOA
1%
$29
Property Management
15%
$426
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$710