This property looks like a bad Airbnb investment with a projected -11.19% first-year return on $143k initial cash invested.
-11.19%
Cash On Cash
3.82%
Cap Rate
0.63
DSCR
$5,044
Rent
-$1,333
Cashflow
Cash Flow
$5,044 income − $6,377 expenses = $1,333 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,044
Total Expenses
$6,377
Mortgage P&I
60%
$3,027
Property Taxes
14%
$720
Home Insurance
4%
$208
HOA
0%
$0
Property Management
15%
$757
CapEx
4%
$202
Vacancy
0%
$0
Maintenance
4%
$202
Other
25%
$1,261