This property looks like a bad Airbnb investment with a projected -20.43% first-year return on $143k initial cash invested.
-20.43%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$2,601
Rent
-$2,443
Cashflow
Cash Flow
$2,601 income − $5,044 expenses = $2,443 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$120k
Closing costs
1%
$5,975
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,601
Total Expenses
$5,044
Mortgage P&I
126%
$3,271
Property Taxes
12%
$306
Home Insurance
8%
$219
HOA
0%
$0
Property Management
15%
$390
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$650