This property looks like a bad Airbnb investment with a projected -17.12% first-year return on $146k initial cash invested.
-17.12%
Cash On Cash
2.35%
Cap Rate
0.38
DSCR
$3,402
Rent
-$2,084
Cashflow
Cash Flow
$3,402 income − $5,486 expenses = $2,084 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,100
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,402
Total Expenses
$5,486
Mortgage P&I
92%
$3,144
Property Taxes
15%
$496
Home Insurance
6%
$214
HOA
0%
$0
Property Management
15%
$510
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$850