This property looks like a bad Airbnb investment with a projected -10.81% first-year return on $144k initial cash invested.
-10.81%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$5,165
Rent
-$1,296
Cashflow
Cash Flow
$5,165 income − $6,461 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,994
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,165
Total Expenses
$6,461
Mortgage P&I
59%
$3,059
Property Taxes
14%
$702
Home Insurance
4%
$220
HOA
0%
$0
Property Management
15%
$775
CapEx
4%
$207
Vacancy
0%
$0
Maintenance
4%
$207
Other
25%
$1,291