This property looks like a bad Airbnb investment with a projected -19.89% first-year return on $142k initial cash invested.
-19.89%
Cash On Cash
1.52%
Cap Rate
0.25
DSCR
$1,802
Rent
-$2,357
Cashflow
Cash Flow
$1,802 income − $4,159 expenses = $2,357 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,914
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,802
Total Expenses
$4,159
Mortgage P&I
168%
$3,035
Property Taxes
3%
$54
Home Insurance
11%
$206
HOA
0%
$0
Property Management
15%
$270
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$450