This property looks like a bad Airbnb investment with a projected -25.48% first-year return on $142k initial cash invested.
-25.48%
Cash On Cash
0.85%
Cap Rate
0.12
DSCR
$1,576
Rent
-$3,006
Cashflow
Cash Flow
$1,576 income − $4,582 expenses = $3,006 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,885
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,576
Total Expenses
$4,582
Mortgage P&I
213%
$3,359
Property Taxes
17%
$275
Home Insurance
12%
$192
HOA
0%
$0
Property Management
15%
$236
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$394