This property looks like a bad Airbnb investment with a projected -21.02% first-year return on $144k initial cash invested.
-21.02%
Cash On Cash
1.88%
Cap Rate
0.28
DSCR
$3,486
Rent
-$2,528
Cashflow
Cash Flow
$3,486 income − $6,014 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,016
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,486
Total Expenses
$6,014
Mortgage P&I
96%
$3,334
Property Taxes
15%
$513
Home Insurance
6%
$214
HOA
8%
$280
Property Management
15%
$523
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$872