This property looks like a bad Airbnb investment with a projected -20.81% first-year return on $148k initial cash invested.
-20.81%
Cash On Cash
1.21%
Cap Rate
0.2
DSCR
$2,155
Rent
-$2,570
Cashflow
Cash Flow
$2,155 income − $4,725 expenses = $2,570 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,155
Total Expenses
$4,725
Mortgage P&I
144%
$3,108
Property Taxes
9%
$195
Home Insurance
11%
$228
HOA
7%
$160
Property Management
15%
$323
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$539