This property looks like a bad Airbnb investment with a projected -19.27% first-year return on $142k initial cash invested.
-19.27%
Cash On Cash
1.66%
Cap Rate
0.27
DSCR
$2,486
Rent
-$2,272
Cashflow
Cash Flow
$2,486 income − $4,758 expenses = $2,272 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,881
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,486
Total Expenses
$4,758
Mortgage P&I
120%
$2,987
Property Taxes
15%
$368
Home Insurance
8%
$210
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$622