This property looks like a bad Airbnb investment with a projected -18.14% first-year return on $148k initial cash invested.
-18.14%
Cash On Cash
2.03%
Cap Rate
0.33
DSCR
$2,842
Rent
-$2,245
Cashflow
Cash Flow
$2,842 income − $5,087 expenses = $2,245 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,214
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,842
Total Expenses
$5,087
Mortgage P&I
112%
$3,182
Property Taxes
11%
$321
Home Insurance
8%
$220
HOA
0%
$0
Property Management
15%
$426
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$710