This property looks like a bad Airbnb investment with a projected -20.02% first-year return on $144k initial cash invested.
-20.02%
Cash On Cash
1.64%
Cap Rate
0.26
DSCR
$2,852
Rent
-$2,398
Cashflow
Cash Flow
$2,852 income − $5,250 expenses = $2,398 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,987
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,852
Total Expenses
$5,250
Mortgage P&I
109%
$3,103
Property Taxes
20%
$564
Home Insurance
8%
$214
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$713