This property looks like a bad Airbnb investment with a projected -30.48% first-year return on $142k initial cash invested.
-30.48%
Cash On Cash
-0.56%
Cap Rate
-0.08
DSCR
$2,001
Rent
-$3,602
Cashflow
Cash Flow
$2,001 income − $5,603 expenses = $3,602 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,895
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,001
Total Expenses
$5,603
Mortgage P&I
162%
$3,249
Property Taxes
34%
$673
Home Insurance
10%
$210
HOA
26%
$511
Property Management
15%
$300
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$500