This property looks like a bad Airbnb investment with a projected -17.81% first-year return on $148k initial cash invested.
-17.81%
Cash On Cash
2.14%
Cap Rate
0.35
DSCR
$3,362
Rent
-$2,193
Cashflow
Cash Flow
$3,362 income − $5,555 expenses = $2,193 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%
$6,179
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,362
Total Expenses
$5,555
Mortgage P&I
94%
$3,162
Property Taxes
17%
$561
Home Insurance
7%
$220
HOA
0%
$0
Property Management
15%
$504
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$840