This property looks like a bad Airbnb investment with a projected -24.26% first-year return on $144k initial cash invested.
-24.26%
Cash On Cash
0.88%
Cap Rate
0.13
DSCR
$1,461
Rent
-$2,921
Cashflow
Cash Flow
$1,461 income − $4,382 expenses = $2,921 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,022
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,461
Total Expenses
$4,382
Mortgage P&I
226%
$3,307
Property Taxes
12%
$169
Home Insurance
14%
$206
HOA
0%
$0
Property Management
15%
$219
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$365