This property looks like a bad Airbnb investment with a projected -21.08% first-year return on $146k initial cash invested.
-21.08%
Cash On Cash
2.04%
Cap Rate
0.3
DSCR
$3,364
Rent
-$2,569
Cashflow
Cash Flow
$3,364 income − $5,933 expenses = $2,569 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,108
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,364
Total Expenses
$5,933
Mortgage P&I
103%
$3,473
Property Taxes
19%
$624
Home Insurance
7%
$220
HOA
0%
$0
Property Management
15%
$505
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$841