This property looks like a bad Airbnb investment with a projected -21.34% first-year return on $148k initial cash invested.
-21.34%
Cash On Cash
1.68%
Cap Rate
0.25
DSCR
$2,308
Rent
-$2,634
Cashflow
Cash Flow
$2,308 income − $4,942 expenses = $2,634 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,197
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,308
Total Expenses
$4,942
Mortgage P&I
148%
$3,410
Property Taxes
9%
$198
Home Insurance
10%
$227
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$577