This property looks like a bad Airbnb investment with a projected -9.16% first-year return on $142k initial cash invested.
-9.16%
Cash On Cash
4.3%
Cap Rate
0.71
DSCR
$5,256
Rent
-$1,081
Cashflow
Cash Flow
$5,256 income − $6,337 expenses = $1,081 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,256
Total Expenses
$6,337
Mortgage P&I
57%
$2,981
Property Taxes
12%
$628
Home Insurance
4%
$206
HOA
0%
$0
Property Management
15%
$788
CapEx
4%
$210
Vacancy
0%
$0
Maintenance
4%
$210
Other
25%
$1,314