This property looks like a bad Airbnb investment with a projected -22.67% first-year return on $143k initial cash invested.
-22.67%
Cash On Cash
1.39%
Cap Rate
0.21
DSCR
$2,922
Rent
-$2,702
Cashflow
Cash Flow
$2,922 income − $5,624 expenses = $2,702 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,955
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$5,624
Mortgage P&I
112%
$3,275
Property Taxes
16%
$457
Home Insurance
7%
$210
HOA
10%
$280
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730