This property looks like a bad Airbnb investment with a projected -27.51% first-year return on $141k initial cash invested.
-27.51%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$2,722
Rent
-$3,239
Cashflow
Cash Flow
$2,722 income − $5,961 expenses = $3,239 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,872
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$5,961
Mortgage P&I
121%
$3,289
Property Taxes
42%
$1,156
Home Insurance
8%
$210
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680