This property looks like a bad Airbnb investment with a projected -21.4% first-year return on $144k initial cash invested.
-21.4%
Cash On Cash
1.31%
Cap Rate
0.21
DSCR
$2,799
Rent
-$2,565
Cashflow
Cash Flow
$2,799 income − $5,364 expenses = $2,565 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,991
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,799
Total Expenses
$5,364
Mortgage P&I
111%
$3,105
Property Taxes
21%
$585
Home Insurance
8%
$210
HOA
4%
$120
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700