This property looks like a bad Airbnb investment with a projected -10.31% first-year return on $148k initial cash invested.
-10.31%
Cash On Cash
4.61%
Cap Rate
0.69
DSCR
$5,615
Rent
-$1,273
Cashflow
Cash Flow
$5,615 income − $6,888 expenses = $1,273 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.4%
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
$5,615
Total Expenses
$6,888
Mortgage P&I
61%
$3,428
Property Taxes
10%
$547
Home Insurance
4%
$217
HOA
0%
$0
Property Management
15%
$842
CapEx
4%
$225
Vacancy
0%
$0
Maintenance
4%
$225
Other
25%
$1,404