This property looks like a bad Airbnb investment with a projected -23.45% first-year return on $144k initial cash invested.
-23.45%
Cash On Cash
1.38%
Cap Rate
0.2
DSCR
$2,570
Rent
-$2,805
Cashflow
Cash Flow
$2,570 income − $5,375 expenses = $2,805 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%
$5,977
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,570
Total Expenses
$5,375
Mortgage P&I
132%
$3,388
Property Taxes
21%
$539
Home Insurance
8%
$214
HOA
0%
$0
Property Management
15%
$386
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$642