This property looks like a bad Airbnb investment with a projected -23.63% first-year return on $144k initial cash invested.
-23.63%
Cash On Cash
0.72%
Cap Rate
0.12
DSCR
$1,410
Rent
-$2,831
Cashflow
Cash Flow
$1,410 income − $4,241 expenses = $2,831 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,410
Total Expenses
$4,241
Mortgage P&I
222%
$3,136
Property Taxes
16%
$219
Home Insurance
15%
$210
HOA
0%
$0
Property Management
15%
$212
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$352