This property looks like a bad Airbnb investment with a projected -16.23% first-year return on $146k initial cash invested.
-16.23%
Cash On Cash
2.75%
Cap Rate
0.43
DSCR
$3,613
Rent
-$1,970
Cashflow
Cash Flow
$3,613 income − $5,583 expenses = $1,970 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,081
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,613
Total Expenses
$5,583
Mortgage P&I
89%
$3,220
Property Taxes
10%
$350
Home Insurance
6%
$215
HOA
2%
$63
Property Management
15%
$542
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$903