This property looks like a bad Airbnb investment with a projected -19.28% first-year return on $145k initial cash invested.
-19.28%
Cash On Cash
1.89%
Cap Rate
0.3
DSCR
$2,669
Rent
-$2,334
Cashflow
Cash Flow
$2,669 income − $5,003 expenses = $2,334 out of pocket
Investment Breakdown
|
Purchase Price
$606k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,061
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,669
Total Expenses
$5,003
Mortgage P&I
119%
$3,182
Property Taxes
13%
$339
Home Insurance
8%
$201
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$667