This property looks like a bad Airbnb investment with a projected -13.13% first-year return on $146k initial cash invested.
-13.13%
Cash On Cash
3.48%
Cap Rate
0.55
DSCR
$3,551
Rent
-$1,598
Cashflow
Cash Flow
$3,551 income − $5,149 expenses = $1,598 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,099
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,551
Total Expenses
$5,149
Mortgage P&I
91%
$3,224
Property Taxes
0%
$6
Home Insurance
6%
$214
HOA
0%
$0
Property Management
15%
$533
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$888