This property looks like a bad Airbnb investment with a projected -16.65% first-year return on $143k initial cash invested.
-16.65%
Cash On Cash
2.36%
Cap Rate
0.39
DSCR
$3,577
Rent
-$1,982
Cashflow
Cash Flow
$3,577 income − $5,559 expenses = $1,982 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,944
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,577
Total Expenses
$5,559
Mortgage P&I
84%
$3,007
Property Taxes
17%
$625
Home Insurance
6%
$210
HOA
0%
$0
Property Management
15%
$537
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$894