This property looks like a bad Airbnb investment with a projected -18.03% first-year return on $141k initial cash invested.
-18.03%
Cash On Cash
1.88%
Cap Rate
0.31
DSCR
$2,500
Rent
-$2,122
Cashflow
Cash Flow
$2,500 income − $4,622 expenses = $2,122 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,867
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,500
Total Expenses
$4,622
Mortgage P&I
118%
$2,942
Property Taxes
2%
$55
Home Insurance
8%
$205
HOA
9%
$220
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$625