This property looks like a bad Airbnb investment with a projected -24.71% first-year return on $146k initial cash invested.
-24.71%
Cash On Cash
0.74%
Cap Rate
0.11
DSCR
$1,813
Rent
-$3,004
Cashflow
Cash Flow
$1,813 income − $4,817 expenses = $3,004 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,090
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,813
Total Expenses
$4,817
Mortgage P&I
183%
$3,309
Property Taxes
20%
$364
Home Insurance
12%
$222
HOA
3%
$51
Property Management
15%
$272
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$453