This property looks like a bad Airbnb investment with a projected -32.49% first-year return on $148k initial cash invested.
-32.49%
Cash On Cash
-1.21%
Cap Rate
-0.18
DSCR
$0
Rent
-$4,008
Cashflow
Cash Flow
$0 income − $4,008 expenses = $4,008 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,192
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$0
Total Expenses
$4,008
Mortgage P&I
33860000%
$3,386
Property Taxes
2650000%
$265
Home Insurance
2220000%
$222
HOA
1350000%
$135
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0