This property looks like a bad Airbnb investment with a projected -27.61% first-year return on $141k initial cash invested.
-27.61%
Cash On Cash
-0.5%
Cap Rate
-0.08
DSCR
$595
Rent
-$3,240
Cashflow
Cash Flow
$595 income − $3,835 expenses = $3,240 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,849
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$595
Total Expenses
$3,835
Mortgage P&I
500%
$2,974
Property Taxes
62%
$370
Home Insurance
34%
$205
HOA
0%
$0
Property Management
15%
$89
CapEx
4%
$24
Vacancy
0%
$0
Maintenance
4%
$24
Other
25%
$149