This property looks like a bad Airbnb investment with a projected -27.91% first-year return on $148k initial cash invested.
-27.91%
Cash On Cash
-0.59%
Cap Rate
-0.1
DSCR
$1,502
Rent
-$3,443
Cashflow
Cash Flow
$1,502 income − $4,945 expenses = $3,443 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,193
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,502
Total Expenses
$4,945
Mortgage P&I
205%
$3,079
Property Taxes
62%
$926
Home Insurance
15%
$219
HOA
0%
$0
Property Management
15%
$225
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$376