This property looks like a bad Airbnb investment with a projected -26.26% first-year return on $144k initial cash invested.
-26.26%
Cash On Cash
0.41%
Cap Rate
0.06
DSCR
$2,094
Rent
-$3,145
Cashflow
Cash Flow
$2,094 income − $5,239 expenses = $3,145 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,987
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,094
Total Expenses
$5,239
Mortgage P&I
156%
$3,267
Property Taxes
36%
$756
Home Insurance
10%
$210
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$524