This property looks like a bad Airbnb investment with a projected -17.58% first-year return on $145k initial cash invested.
-17.58%
Cash On Cash
2.1%
Cap Rate
0.34
DSCR
$2,679
Rent
-$2,124
Cashflow
Cash Flow
$2,679 income − $4,803 expenses = $2,124 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,047
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,679
Total Expenses
$4,803
Mortgage P&I
115%
$3,076
Property Taxes
8%
$220
Home Insurance
8%
$219
HOA
0%
$2
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$670