This property looks like a bad Airbnb investment with a projected -23.84% first-year return on $142k initial cash invested.
-23.84%
Cash On Cash
0.47%
Cap Rate
0.08
DSCR
$1,702
Rent
-$2,817
Cashflow
Cash Flow
$1,702 income − $4,519 expenses = $2,817 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,702
Total Expenses
$4,519
Mortgage P&I
175%
$2,981
Property Taxes
28%
$482
Home Insurance
13%
$222
HOA
1%
$17
Property Management
15%
$255
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$426