This property looks like a bad Airbnb investment with a projected -22.13% first-year return on $144k initial cash invested.
-22.13%
Cash On Cash
1.18%
Cap Rate
0.19
DSCR
$2,372
Rent
-$2,652
Cashflow
Cash Flow
$2,372 income − $5,024 expenses = $2,652 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,372
Total Expenses
$5,024
Mortgage P&I
133%
$3,148
Property Taxes
16%
$377
Home Insurance
9%
$210
HOA
6%
$150
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$593