This property looks like a bad Airbnb investment with a projected -19.05% first-year return on $144k initial cash invested.
-19.05%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$1,894
Rent
-$2,283
Cashflow
Cash Flow
$1,894 income − $4,177 expenses = $2,283 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,894
Total Expenses
$4,177
Mortgage P&I
158%
$2,997
Property Taxes
3%
$60
Home Insurance
11%
$210
HOA
0%
$0
Property Management
15%
$284
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$474