This property looks like a bad Airbnb investment with a projected -17.32% first-year return on $142k initial cash invested.
-17.32%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$4,443
Rent
-$2,056
Cashflow
Cash Flow
$4,443 income − $6,499 expenses = $2,056 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$119k
Closing costs
1%
$5,926
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,443
Total Expenses
$6,499
Mortgage P&I
73%
$3,253
Property Taxes
14%
$600
Home Insurance
5%
$215
HOA
7%
$298
Property Management
15%
$666
CapEx
4%
$178
Vacancy
0%
$0
Maintenance
4%
$178
Other
25%
$1,111