This property looks like a bad Airbnb investment with a projected -20.99% first-year return on $144k initial cash invested.
-20.99%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$2,570
Rent
-$2,525
Cashflow
Cash Flow
$2,570 income − $5,095 expenses = $2,525 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,017
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,570
Total Expenses
$5,095
Mortgage P&I
127%
$3,269
Property Taxes
13%
$333
Home Insurance
9%
$226
HOA
1%
$33
Property Management
15%
$386
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$642