This property looks like a bad Airbnb investment with a projected -11.76% first-year return on $142k initial cash invested.
-11.76%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$4,278
Rent
-$1,389
Cashflow
Cash Flow
$4,278 income − $5,667 expenses = $1,389 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,278
Total Expenses
$5,667
Mortgage P&I
74%
$3,165
Property Taxes
6%
$242
Home Insurance
5%
$206
HOA
0%
$0
Property Management
15%
$642
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,070