This property looks like a bad Airbnb investment with a projected -25.72% first-year return on $148k initial cash invested.
-25.72%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$1,603
Rent
-$3,176
Cashflow
Cash Flow
$1,603 income − $4,779 expenses = $3,176 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,603
Total Expenses
$4,779
Mortgage P&I
208%
$3,337
Property Taxes
28%
$456
Home Insurance
14%
$217
HOA
0%
$0
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$401