This property looks like a bad Airbnb investment with a projected -12.79% first-year return on $144k initial cash invested.
-12.79%
Cash On Cash
3.43%
Cap Rate
0.56
DSCR
$4,432
Rent
-$1,535
Cashflow
Cash Flow
$4,432 income − $5,967 expenses = $1,535 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%
$6,003
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,432
Total Expenses
$5,967
Mortgage P&I
69%
$3,072
Property Taxes
13%
$560
Home Insurance
5%
$208
HOA
0%
$0
Property Management
15%
$665
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,108