This property looks like a bad Airbnb investment with a projected -14.72% first-year return on $143k initial cash invested.
-14.72%
Cash On Cash
2.95%
Cap Rate
0.48
DSCR
$3,853
Rent
-$1,752
Cashflow
Cash Flow
$3,853 income − $5,605 expenses = $1,752 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,942
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,853
Total Expenses
$5,605
Mortgage P&I
79%
$3,057
Property Taxes
13%
$489
Home Insurance
5%
$210
HOA
0%
$0
Property Management
15%
$578
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$963