This property looks like a bad Airbnb investment with a projected -21.76% first-year return on $146k initial cash invested.
-21.76%
Cash On Cash
1.33%
Cap Rate
0.21
DSCR
$2,434
Rent
-$2,653
Cashflow
Cash Flow
$2,434 income − $5,087 expenses = $2,653 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,110
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,434
Total Expenses
$5,087
Mortgage P&I
133%
$3,235
Property Taxes
16%
$387
Home Insurance
12%
$298
HOA
0%
$0
Property Management
15%
$365
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$608