This property looks like a bad Airbnb investment with a projected -17.62% first-year return on $149k initial cash invested.
-17.62%
Cash On Cash
2.26%
Cap Rate
0.36
DSCR
$3,014
Rent
-$2,185
Cashflow
Cash Flow
$3,014 income − $5,199 expenses = $2,185 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,230
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,014
Total Expenses
$5,199
Mortgage P&I
107%
$3,236
Property Taxes
10%
$289
Home Insurance
8%
$226
HOA
0%
$0
Property Management
15%
$452
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754