This property looks like a bad Airbnb investment with a projected -8.53% first-year return on $147k initial cash invested.
-8.53%
Cash On Cash
4.65%
Cap Rate
0.73
DSCR
$4,627
Rent
-$1,044
Cashflow
Cash Flow
$4,627 income − $5,671 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
4%
$24,000
Cashflow
Total Income
$4,627
Total Expenses
$5,671
Mortgage P&I
68%
$3,127
Property Taxes
1%
$69
Home Insurance
4%
$205
HOA
1%
$49
Property Management
15%
$694
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,157