This property looks like a bad Airbnb investment with a projected -17.85% first-year return on $145k initial cash invested.
-17.85%
Cash On Cash
2.39%
Cap Rate
0.38
DSCR
$4,185
Rent
-$2,156
Cashflow
Cash Flow
$4,185 income − $6,341 expenses = $2,156 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,045
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,185
Total Expenses
$6,341
Mortgage P&I
76%
$3,193
Property Taxes
15%
$640
Home Insurance
5%
$210
HOA
7%
$290
Property Management
15%
$628
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,046