This property looks like a bad Airbnb investment with a projected -12.66% first-year return on $142k initial cash invested.
-12.66%
Cash On Cash
3.24%
Cap Rate
0.54
DSCR
$3,719
Rent
-$1,499
Cashflow
Cash Flow
$3,719 income − $5,218 expenses = $1,499 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,911
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,719
Total Expenses
$5,218
Mortgage P&I
79%
$2,948
Property Taxes
7%
$256
Home Insurance
6%
$228
HOA
0%
$0
Property Management
15%
$558
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$930