This property looks like a bad Airbnb investment with a projected -30.36% first-year return on $148k initial cash invested.
-30.36%
Cash On Cash
-0.58%
Cap Rate
-0.09
DSCR
$1,812
Rent
-$3,733
Cashflow
Cash Flow
$1,812 income − $5,545 expenses = $3,733 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$123k
Closing costs
1%
$6,169
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,812
Total Expenses
$5,545
Mortgage P&I
185%
$3,361
Property Taxes
60%
$1,096
Home Insurance
12%
$219
HOA
0%
$0
Property Management
15%
$272
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$453