This property looks like a bad Airbnb investment with a projected -22.43% first-year return on $144k initial cash invested.
-22.43%
Cash On Cash
1.39%
Cap Rate
0.21
DSCR
$2,806
Rent
-$2,692
Cashflow
Cash Flow
$2,806 income − $5,498 expenses = $2,692 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,806
Total Expenses
$5,498
Mortgage P&I
117%
$3,274
Property Taxes
24%
$667
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$421
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$702