This property looks like a bad Airbnb investment with a projected -20.91% first-year return on $146k initial cash invested.
-20.91%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$2,888
Rent
-$2,539
Cashflow
Cash Flow
$2,888 income − $5,427 expenses = $2,539 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,082
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,888
Total Expenses
$5,427
Mortgage P&I
115%
$3,319
Property Taxes
17%
$499
Home Insurance
8%
$222
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$722