This property looks like a bad Airbnb investment with a projected -21.68% first-year return on $148k initial cash invested.
-21.68%
Cash On Cash
1.18%
Cap Rate
0.19
DSCR
$2,756
Rent
-$2,671
Cashflow
Cash Flow
$2,756 income − $5,427 expenses = $2,671 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,184
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,756
Total Expenses
$5,427
Mortgage P&I
115%
$3,167
Property Taxes
16%
$439
Home Insurance
8%
$219
HOA
10%
$280
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$689