This property looks like a bad Airbnb investment with a projected -23.58% first-year return on $144k initial cash invested.
-23.58%
Cash On Cash
0.88%
Cap Rate
0.14
DSCR
$2,647
Rent
-$2,829
Cashflow
Cash Flow
$2,647 income − $5,476 expenses = $2,829 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,647
Total Expenses
$5,476
Mortgage P&I
120%
$3,165
Property Taxes
31%
$830
Home Insurance
8%
$210
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662