This property looks like a bad Airbnb investment with a projected -24.14% first-year return on $144k initial cash invested.
-24.14%
Cash On Cash
1.21%
Cap Rate
0.18
DSCR
$2,481
Rent
-$2,889
Cashflow
Cash Flow
$2,481 income − $5,370 expenses = $2,889 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,982
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,481
Total Expenses
$5,370
Mortgage P&I
137%
$3,391
Property Taxes
23%
$579
Home Insurance
8%
$210
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$620