This property looks like a bad Airbnb investment with a projected -20.7% first-year return on $147k initial cash invested.
-20.7%
Cash On Cash
1.23%
Cap Rate
0.2
DSCR
$1,871
Rent
-$2,528
Cashflow
Cash Flow
$1,871 income − $4,399 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$122k
Closing costs
1%
$6,123
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,871
Total Expenses
$4,399
Mortgage P&I
165%
$3,082
Property Taxes
11%
$198
Home Insurance
12%
$220
HOA
0%
$0
Property Management
15%
$281
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$468