This property looks like a bad Airbnb investment with a projected -16.41% first-year return on $148k initial cash invested.
-16.41%
Cash On Cash
2.45%
Cap Rate
0.4
DSCR
$3,277
Rent
-$2,026
Cashflow
Cash Flow
$3,277 income − $5,303 expenses = $2,026 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,277
Total Expenses
$5,303
Mortgage P&I
96%
$3,159
Property Taxes
11%
$354
Home Insurance
7%
$217
HOA
0%
$0
Property Management
15%
$492
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$819