This property looks like a bad Airbnb investment with a projected -24.05% first-year return on $142k initial cash invested.
-24.05%
Cash On Cash
0.43%
Cap Rate
0.07
DSCR
$1,221
Rent
-$2,843
Cashflow
Cash Flow
$1,221 income − $4,064 expenses = $2,843 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,221
Total Expenses
$4,064
Mortgage P&I
246%
$3,007
Property Taxes
22%
$265
Home Insurance
17%
$206
HOA
0%
$0
Property Management
15%
$183
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$305