This property looks like a bad Airbnb investment with a projected -11.93% first-year return on $141k initial cash invested.
-11.93%
Cash On Cash
3.53%
Cap Rate
0.58
DSCR
$4,370
Rent
-$1,401
Cashflow
Cash Flow
$4,370 income − $5,771 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,851
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,370
Total Expenses
$5,771
Mortgage P&I
67%
$2,948
Property Taxes
12%
$515
Home Insurance
5%
$210
HOA
0%
$0
Property Management
15%
$656
CapEx
4%
$175
Vacancy
0%
$0
Maintenance
4%
$175
Other
25%
$1,092