This property looks like a bad Airbnb investment with a projected -27.37% first-year return on $147k initial cash invested.
-27.37%
Cash On Cash
-0.31%
Cap Rate
-0.05
DSCR
$790
Rent
-$3,356
Cashflow
Cash Flow
$790 income − $4,146 expenses = $3,356 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,150
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$790
Total Expenses
$4,146
Mortgage P&I
401%
$3,164
Property Taxes
49%
$387
Home Insurance
27%
$215
HOA
0%
$0
Property Management
15%
$118
CapEx
4%
$32
Vacancy
0%
$0
Maintenance
4%
$32
Other
25%
$198