This property looks like a bad Airbnb investment with a projected -16.16% first-year return on $146k initial cash invested.
-16.16%
Cash On Cash
2.75%
Cap Rate
0.43
DSCR
$3,270
Rent
-$1,972
Cashflow
Cash Flow
$3,270 income − $5,242 expenses = $1,972 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,117
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,270
Total Expenses
$5,242
Mortgage P&I
99%
$3,242
Property Taxes
6%
$191
Home Insurance
7%
$226
HOA
0%
$13
Property Management
15%
$490
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$818