This property looks like a bad Airbnb investment with a projected -13.75% first-year return on $142k initial cash invested.
-13.75%
Cash On Cash
3.08%
Cap Rate
0.51
DSCR
$3,621
Rent
-$1,628
Cashflow
Cash Flow
$3,621 income − $5,249 expenses = $1,628 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,909
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,621
Total Expenses
$5,249
Mortgage P&I
83%
$3,000
Property Taxes
8%
$301
Home Insurance
6%
$210
HOA
0%
$0
Property Management
15%
$543
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$905