This property looks like a bad Airbnb investment with a projected -18.61% first-year return on $144k initial cash invested.
-18.61%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$3,203
Rent
-$2,233
Cashflow
Cash Flow
$3,203 income − $5,436 expenses = $2,233 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,203
Total Expenses
$5,436
Mortgage P&I
96%
$3,065
Property Taxes
19%
$624
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$480
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$801