This property looks like a bad Airbnb investment with a projected -28.59% first-year return on $144k initial cash invested.
-28.59%
Cash On Cash
-0.23%
Cap Rate
-0.04
DSCR
$1,093
Rent
-$3,422
Cashflow
Cash Flow
$1,093 income − $4,515 expenses = $3,422 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,983
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,093
Total Expenses
$4,515
Mortgage P&I
298%
$3,261
Property Taxes
30%
$331
Home Insurance
20%
$216
HOA
17%
$182
Property Management
15%
$164
CapEx
4%
$44
Vacancy
0%
$0
Maintenance
4%
$44
Other
25%
$273