This property looks like a bad Airbnb investment with a projected -12.48% first-year return on $143k initial cash invested.
-12.48%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$4,239
Rent
-$1,492
Cashflow
Cash Flow
$4,239 income − $5,731 expenses = $1,492 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,973
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,239
Total Expenses
$5,731
Mortgage P&I
77%
$3,265
Property Taxes
4%
$190
Home Insurance
6%
$240
HOA
0%
$0
Property Management
15%
$636
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,060