This property looks like a bad Airbnb investment with a projected -14.57% first-year return on $142k initial cash invested.
-14.57%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$4,565
Rent
-$1,728
Cashflow
Cash Flow
$4,565 income − $6,293 expenses = $1,728 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,919
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,565
Total Expenses
$6,293
Mortgage P&I
71%
$3,226
Property Taxes
11%
$511
Home Insurance
5%
$214
HOA
3%
$150
Property Management
15%
$685
CapEx
4%
$183
Vacancy
0%
$0
Maintenance
4%
$183
Other
25%
$1,141