This property looks like a bad Airbnb investment with a projected -20.61% first-year return on $144k initial cash invested.
-20.61%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$2,689
Rent
-$2,477
Cashflow
Cash Flow
$2,689 income − $5,166 expenses = $2,477 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,009
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,689
Total Expenses
$5,166
Mortgage P&I
115%
$3,080
Property Taxes
22%
$585
Home Insurance
8%
$210
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$672