This property looks like a bad Airbnb investment with a projected -17.05% first-year return on $147k initial cash invested.
-17.05%
Cash On Cash
2.8%
Cap Rate
0.42
DSCR
$3,279
Rent
-$2,088
Cashflow
Cash Flow
$3,279 income − $5,367 expenses = $2,088 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,142
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,279
Total Expenses
$5,367
Mortgage P&I
103%
$3,389
Property Taxes
5%
$168
Home Insurance
7%
$236
HOA
0%
$0
Property Management
15%
$492
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$820