This property looks like a bad Airbnb investment with a projected -21.48% first-year return on $142k initial cash invested.
-21.48%
Cash On Cash
1.19%
Cap Rate
0.19
DSCR
$1,997
Rent
-$2,538
Cashflow
Cash Flow
$1,997 income − $4,535 expenses = $2,538 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,895
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,997
Total Expenses
$4,535
Mortgage P&I
152%
$3,042
Property Taxes
16%
$324
Home Insurance
11%
$210
HOA
0%
$0
Property Management
15%
$300
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$499