This property looks like a bad Airbnb investment with a projected -18.41% first-year return on $142k initial cash invested.
-18.41%
Cash On Cash
1.9%
Cap Rate
0.31
DSCR
$3,011
Rent
-$2,179
Cashflow
Cash Flow
$3,011 income − $5,190 expenses = $2,179 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,908
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,011
Total Expenses
$5,190
Mortgage P&I
99%
$2,995
Property Taxes
18%
$540
Home Insurance
7%
$210
HOA
0%
$0
Property Management
15%
$452
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$753