This property looks like a bad Airbnb investment with a projected -22.99% first-year return on $147k initial cash invested.
-22.99%
Cash On Cash
0.77%
Cap Rate
0.13
DSCR
$1,944
Rent
-$2,809
Cashflow
Cash Flow
$1,944 income − $4,753 expenses = $2,809 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,126
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,944
Total Expenses
$4,753
Mortgage P&I
161%
$3,124
Property Taxes
26%
$503
Home Insurance
10%
$192
HOA
0%
$0
Property Management
15%
$292
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$486