This property looks like a bad Airbnb investment with a projected -21.78% first-year return on $148k initial cash invested.
-21.78%
Cash On Cash
1.43%
Cap Rate
0.23
DSCR
$3,493
Rent
-$2,678
Cashflow
Cash Flow
$3,493 income − $6,171 expenses = $2,678 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$123k
Closing costs
1%
$6,168
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,493
Total Expenses
$6,171
Mortgage P&I
94%
$3,275
Property Taxes
25%
$871
Home Insurance
10%
$348
HOA
0%
$0
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$873