This property looks like a bad Airbnb investment with a projected -20.65% first-year return on $143k initial cash invested.
-20.65%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$2,094
Rent
-$2,460
Cashflow
Cash Flow
$2,094 income − $4,554 expenses = $2,460 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,094
Total Expenses
$4,554
Mortgage P&I
146%
$3,067
Property Taxes
13%
$273
Home Insurance
10%
$208
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$524