This property looks like a bad Airbnb investment with a projected -18.92% first-year return on $146k initial cash invested.
-18.92%
Cash On Cash
1.84%
Cap Rate
0.3
DSCR
$3,502
Rent
-$2,303
Cashflow
Cash Flow
$3,502 income − $5,805 expenses = $2,303 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,099
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,502
Total Expenses
$5,805
Mortgage P&I
88%
$3,098
Property Taxes
19%
$678
Home Insurance
7%
$238
HOA
3%
$110
Property Management
15%
$525
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$876