This property looks like a bad Airbnb investment with a projected -20.94% first-year return on $146k initial cash invested.
-20.94%
Cash On Cash
2.01%
Cap Rate
0.3
DSCR
$3,886
Rent
-$2,554
Cashflow
Cash Flow
$3,886 income − $6,440 expenses = $2,554 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,112
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,886
Total Expenses
$6,440
Mortgage P&I
88%
$3,424
Property Taxes
24%
$919
Home Insurance
6%
$219
HOA
0%
$13
Property Management
15%
$583
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$972