This property looks like a bad Airbnb investment with a projected -19.03% first-year return on $148k initial cash invested.
-19.03%
Cash On Cash
2.27%
Cap Rate
0.35
DSCR
$3,714
Rent
-$2,340
Cashflow
Cash Flow
$3,714 income − $6,054 expenses = $2,340 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$123k
Closing costs
1%
$6,168
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,714
Total Expenses
$6,054
Mortgage P&I
90%
$3,358
Property Taxes
17%
$641
Home Insurance
6%
$219
HOA
1%
$53
Property Management
15%
$557
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$928