This property looks like a bad Airbnb investment with a projected -26.3% first-year return on $145k initial cash invested.
-26.3%
Cash On Cash
-0.03%
Cap Rate
-0.01
DSCR
$1,643
Rent
-$3,185
Cashflow
Cash Flow
$1,643 income − $4,828 expenses = $3,185 out of pocket
Investment Breakdown
|
Purchase Price
$606k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,062
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,643
Total Expenses
$4,828
Mortgage P&I
189%
$3,102
Property Taxes
38%
$631
Home Insurance
19%
$306
HOA
0%
$0
Property Management
15%
$246
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$411