This property looks like a bad Airbnb investment with a projected -22.05% first-year return on $144k initial cash invested.
-22.05%
Cash On Cash
1.06%
Cap Rate
0.17
DSCR
$2,794
Rent
-$2,640
Cashflow
Cash Flow
$2,794 income − $5,434 expenses = $2,640 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,986
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,794
Total Expenses
$5,434
Mortgage P&I
109%
$3,057
Property Taxes
29%
$817
Home Insurance
8%
$219
HOA
0%
$0
Property Management
15%
$419
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$698