This property looks like a bad Airbnb investment with a projected -20.79% first-year return on $142k initial cash invested.
-20.79%
Cash On Cash
1.91%
Cap Rate
0.29
DSCR
$4,149
Rent
-$2,463
Cashflow
Cash Flow
$4,149 income − $6,612 expenses = $2,463 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%
$5,913
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,149
Total Expenses
$6,612
Mortgage P&I
78%
$3,237
Property Taxes
27%
$1,128
Home Insurance
5%
$207
HOA
1%
$49
Property Management
15%
$622
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,037