This property looks like a bad Airbnb investment with a projected -17.08% first-year return on $141k initial cash invested.
-17.08%
Cash On Cash
2.31%
Cap Rate
0.37
DSCR
$3,112
Rent
-$2,008
Cashflow
Cash Flow
$3,112 income − $5,120 expenses = $2,008 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,859
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,112
Total Expenses
$5,120
Mortgage P&I
97%
$3,011
Property Taxes
13%
$406
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$778