This property looks like a bad Airbnb investment with a projected -15.33% first-year return on $148k initial cash invested.
-15.33%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$3,894
Rent
-$1,888
Cashflow
Cash Flow
$3,894 income − $5,782 expenses = $1,888 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,180
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,894
Total Expenses
$5,782
Mortgage P&I
86%
$3,358
Property Taxes
9%
$335
Home Insurance
6%
$219
HOA
0%
$0
Property Management
15%
$584
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$974