This property looks like a bad Airbnb investment with a projected -22.55% first-year return on $141k initial cash invested.
-22.55%
Cash On Cash
1.26%
Cap Rate
0.19
DSCR
$2,439
Rent
-$2,657
Cashflow
Cash Flow
$2,439 income − $5,096 expenses = $2,657 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$118k
Closing costs
1%
$5,877
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,439
Total Expenses
$5,096
Mortgage P&I
130%
$3,175
Property Taxes
21%
$508
Home Insurance
8%
$201
HOA
2%
$40
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610