This property looks like a bad Airbnb investment with a projected -10.89% first-year return on $143k initial cash invested.
-10.89%
Cash On Cash
3.92%
Cap Rate
0.64
DSCR
$5,059
Rent
-$1,300
Cashflow
Cash Flow
$5,059 income − $6,359 expenses = $1,300 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,963
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,059
Total Expenses
$6,359
Mortgage P&I
60%
$3,047
Property Taxes
11%
$578
Home Insurance
4%
$210
HOA
2%
$96
Property Management
15%
$759
CapEx
4%
$202
Vacancy
0%
$0
Maintenance
4%
$202
Other
25%
$1,265