This property looks like a bad Airbnb investment with a projected -24.24% first-year return on $144k initial cash invested.
-24.24%
Cash On Cash
0.52%
Cap Rate
0.08
DSCR
$2,564
Rent
-$2,905
Cashflow
Cash Flow
$2,564 income − $5,469 expenses = $2,905 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,564
Total Expenses
$5,469
Mortgage P&I
119%
$3,060
Property Taxes
38%
$967
Home Insurance
8%
$210
HOA
0%
$0
Property Management
15%
$385
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$641