This property looks like a bad Airbnb investment with a projected -17.59% first-year return on $142k initial cash invested.
-17.59%
Cash On Cash
2.18%
Cap Rate
0.35
DSCR
$2,889
Rent
-$2,087
Cashflow
Cash Flow
$2,889 income − $4,976 expenses = $2,087 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,921
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,889
Total Expenses
$4,976
Mortgage P&I
106%
$3,048
Property Taxes
11%
$319
Home Insurance
8%
$222
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$722