This property looks like a bad Airbnb investment with a projected -16.46% first-year return on $144k initial cash invested.
-16.46%
Cash On Cash
2.71%
Cap Rate
0.43
DSCR
$4,283
Rent
-$1,980
Cashflow
Cash Flow
$4,283 income − $6,263 expenses = $1,980 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,018
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,283
Total Expenses
$6,263
Mortgage P&I
74%
$3,169
Property Taxes
18%
$759
Home Insurance
7%
$280
HOA
0%
$0
Property Management
15%
$642
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,071