This property looks like a bad Airbnb investment with a projected -19.09% first-year return on $141k initial cash invested.
-19.09%
Cash On Cash
2.16%
Cap Rate
0.33
DSCR
$2,853
Rent
-$2,247
Cashflow
Cash Flow
$2,853 income − $5,100 expenses = $2,247 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,870
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,853
Total Expenses
$5,100
Mortgage P&I
112%
$3,190
Property Taxes
12%
$331
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$713