This property looks like a bad Airbnb investment with a projected -21.14% first-year return on $147k initial cash invested.
-21.14%
Cash On Cash
1.09%
Cap Rate
0.18
DSCR
$1,992
Rent
-$2,595
Cashflow
Cash Flow
$1,992 income − $4,587 expenses = $2,595 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,156
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,992
Total Expenses
$4,587
Mortgage P&I
154%
$3,072
Property Taxes
17%
$339
Home Insurance
11%
$219
HOA
0%
$0
Property Management
15%
$299
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498