This property looks like a bad Airbnb investment with a projected -14.61% first-year return on $142k initial cash invested.
-14.61%
Cash On Cash
2.86%
Cap Rate
0.47
DSCR
$3,023
Rent
-$1,727
Cashflow
Cash Flow
$3,023 income − $4,750 expenses = $1,727 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,023
Total Expenses
$4,750
Mortgage P&I
100%
$3,011
Property Taxes
3%
$82
Home Insurance
7%
$206
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$756