This property looks like a bad Airbnb investment with a projected -21.05% first-year return on $149k initial cash invested.
-21.05%
Cash On Cash
1.4%
Cap Rate
0.23
DSCR
$3,013
Rent
-$2,612
Cashflow
Cash Flow
$3,013 income − $5,625 expenses = $2,612 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,232
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,013
Total Expenses
$5,625
Mortgage P&I
107%
$3,220
Property Taxes
23%
$698
Home Insurance
7%
$222
HOA
1%
$38
Property Management
15%
$452
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$753