This property looks like a bad Airbnb investment with a projected -13.04% first-year return on $144k initial cash invested.
-13.04%
Cash On Cash
3.76%
Cap Rate
0.57
DSCR
$4,103
Rent
-$1,565
Cashflow
Cash Flow
$4,103 income − $5,668 expenses = $1,565 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
$4,103
Total Expenses
$5,668
Mortgage P&I
80%
$3,280
Property Taxes
4%
$184
Home Insurance
5%
$210
HOA
1%
$25
Property Management
15%
$615
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,026