This property looks like a bad Airbnb investment with a projected -16.9% first-year return on $144k initial cash invested.
-16.9%
Cash On Cash
2.22%
Cap Rate
0.37
DSCR
$2,369
Rent
-$2,025
Cashflow
Cash Flow
$2,369 income − $4,394 expenses = $2,025 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,369
Total Expenses
$4,394
Mortgage P&I
128%
$3,040
Property Taxes
0%
$7
Home Insurance
9%
$210
HOA
0%
$0
Property Management
15%
$355
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$592