This property looks like a bad Airbnb investment with a projected -14.09% first-year return on $146k initial cash invested.
-14.09%
Cash On Cash
2.99%
Cap Rate
0.49
DSCR
$3,436
Rent
-$1,712
Cashflow
Cash Flow
$3,436 income − $5,148 expenses = $1,712 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,086
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,436
Total Expenses
$5,148
Mortgage P&I
90%
$3,090
Property Taxes
5%
$188
Home Insurance
6%
$222
HOA
0%
$0
Property Management
15%
$515
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$859