This property looks like a bad Airbnb investment with a projected -18.53% first-year return on $145k initial cash invested.
-18.53%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$3,920
Rent
-$2,247
Cashflow
Cash Flow
$3,920 income − $6,167 expenses = $2,247 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,071
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,920
Total Expenses
$6,167
Mortgage P&I
85%
$3,313
Property Taxes
18%
$703
Home Insurance
6%
$219
HOA
1%
$50
Property Management
15%
$588
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$980