This property looks like a bad Airbnb investment with a projected -29.88% first-year return on $142k initial cash invested.
-29.88%
Cash On Cash
-0.49%
Cap Rate
-0.07
DSCR
$1,259
Rent
-$3,539
Cashflow
Cash Flow
$1,259 income − $4,798 expenses = $3,539 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,910
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,259
Total Expenses
$4,798
Mortgage P&I
258%
$3,247
Property Taxes
59%
$739
Home Insurance
17%
$208
HOA
0%
$0
Property Management
15%
$189
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$315