This property looks like a bad Airbnb investment with a projected -18.54% first-year return on $143k initial cash invested.
-18.54%
Cash On Cash
1.88%
Cap Rate
0.31
DSCR
$2,962
Rent
-$2,205
Cashflow
Cash Flow
$2,962 income − $5,167 expenses = $2,205 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%
$5,939
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,962
Total Expenses
$5,167
Mortgage P&I
102%
$3,018
Property Taxes
18%
$519
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$444
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$740