This property looks like a bad Airbnb investment with a projected -12.37% first-year return on $144k initial cash invested.
-12.37%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$4,534
Rent
-$1,484
Cashflow
Cash Flow
$4,534 income − $6,018 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,534
Total Expenses
$6,018
Mortgage P&I
70%
$3,178
Property Taxes
10%
$454
Home Insurance
5%
$210
HOA
0%
$0
Property Management
15%
$680
CapEx
4%
$181
Vacancy
0%
$0
Maintenance
4%
$181
Other
25%
$1,134