This property looks like a bad Airbnb investment with a projected -17.23% first-year return on $142k initial cash invested.
-17.23%
Cash On Cash
2.16%
Cap Rate
0.36
DSCR
$2,979
Rent
-$2,041
Cashflow
Cash Flow
$2,979 income − $5,020 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,912
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,979
Total Expenses
$5,020
Mortgage P&I
100%
$2,986
Property Taxes
13%
$390
Home Insurance
7%
$214
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$745