This property looks like a bad Airbnb investment with a projected -17.52% first-year return on $142k initial cash invested.
-17.52%
Cash On Cash
2.39%
Cap Rate
0.38
DSCR
$3,091
Rent
-$2,072
Cashflow
Cash Flow
$3,091 income − $5,163 expenses = $2,072 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,900
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,091
Total Expenses
$5,163
Mortgage P&I
101%
$3,124
Property Taxes
11%
$348
Home Insurance
7%
$206
HOA
0%
$0
Property Management
15%
$464
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$773