This property looks like a bad Airbnb investment with a projected -16.16% first-year return on $143k initial cash invested.
-16.16%
Cash On Cash
2.6%
Cap Rate
0.42
DSCR
$3,625
Rent
-$1,925
Cashflow
Cash Flow
$3,625 income − $5,550 expenses = $1,925 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,625
Total Expenses
$5,550
Mortgage P&I
85%
$3,067
Property Taxes
14%
$491
Home Insurance
7%
$252
HOA
0%
$0
Property Management
15%
$544
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$906