This property looks like a bad Airbnb investment with a projected -21.95% first-year return on $144k initial cash invested.
-21.95%
Cash On Cash
1.14%
Cap Rate
0.18
DSCR
$2,385
Rent
-$2,634
Cashflow
Cash Flow
$2,385 income − $5,019 expenses = $2,634 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,385
Total Expenses
$5,019
Mortgage P&I
130%
$3,110
Property Taxes
23%
$555
Home Insurance
9%
$210
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596