This property looks like a bad Airbnb investment with a projected -15.76% first-year return on $146k initial cash invested.
-15.76%
Cash On Cash
2.54%
Cap Rate
0.42
DSCR
$3,107
Rent
-$1,913
Cashflow
Cash Flow
$3,107 income − $5,020 expenses = $1,913 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,080
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,107
Total Expenses
$5,020
Mortgage P&I
99%
$3,077
Property Taxes
7%
$232
Home Insurance
7%
$220
HOA
0%
$0
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$777