This property looks like a bad Airbnb investment with a projected -20.74% first-year return on $148k initial cash invested.
-20.74%
Cash On Cash
1.4%
Cap Rate
0.23
DSCR
$4,046
Rent
-$2,552
Cashflow
Cash Flow
$4,046 income − $6,598 expenses = $2,552 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,175
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,046
Total Expenses
$6,598
Mortgage P&I
77%
$3,110
Property Taxes
33%
$1,318
Home Insurance
6%
$227
HOA
0%
$0
Property Management
15%
$607
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,012