This property looks like a bad Airbnb investment with a projected -27.63% first-year return on $148k initial cash invested.
-27.63%
Cash On Cash
0.24%
Cap Rate
0.04
DSCR
$2,161
Rent
-$3,415
Cashflow
Cash Flow
$2,161 income − $5,576 expenses = $3,415 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,206
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,161
Total Expenses
$5,576
Mortgage P&I
160%
$3,453
Property Taxes
35%
$762
Home Insurance
11%
$227
HOA
5%
$98
Property Management
15%
$324
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$540