This property looks like a bad Airbnb investment with a projected -18.11% first-year return on $148k initial cash invested.
-18.11%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$3,821
Rent
-$2,237
Cashflow
Cash Flow
$3,821 income − $6,058 expenses = $2,237 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%
$6,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,821
Total Expenses
$6,058
Mortgage P&I
89%
$3,403
Property Taxes
16%
$604
Home Insurance
6%
$217
HOA
0%
$0
Property Management
15%
$573
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$955