This property looks like a bad Airbnb investment with a projected -16.83% first-year return on $148k initial cash invested.
-16.83%
Cash On Cash
2.34%
Cap Rate
0.38
DSCR
$3,046
Rent
-$2,071
Cashflow
Cash Flow
$3,046 income − $5,117 expenses = $2,071 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,176
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,046
Total Expenses
$5,117
Mortgage P&I
104%
$3,153
Property Taxes
9%
$282
Home Insurance
7%
$219
HOA
0%
$0
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$762