This property looks like a bad Airbnb investment with a projected -15.54% first-year return on $143k initial cash invested.
-15.54%
Cash On Cash
2.94%
Cap Rate
0.46
DSCR
$3,984
Rent
-$1,857
Cashflow
Cash Flow
$3,984 income − $5,841 expenses = $1,857 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,973
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,984
Total Expenses
$5,841
Mortgage P&I
79%
$3,159
Property Taxes
7%
$272
Home Insurance
6%
$243
HOA
6%
$255
Property Management
15%
$598
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$996