This property looks like a bad Airbnb investment with a projected -22.52% first-year return on $144k initial cash invested.
-22.52%
Cash On Cash
1.3%
Cap Rate
0.2
DSCR
$3,173
Rent
-$2,695
Cashflow
Cash Flow
$3,173 income − $5,868 expenses = $2,695 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,980
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,173
Total Expenses
$5,868
Mortgage P&I
101%
$3,214
Property Taxes
27%
$855
Home Insurance
7%
$234
HOA
1%
$42
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$793