This property looks like a bad Airbnb investment with a projected -16.54% first-year return on $146k initial cash invested.
-16.54%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$4,084
Rent
-$2,016
Cashflow
Cash Flow
$4,084 income − $6,100 expenses = $2,016 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,106
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,084
Total Expenses
$6,100
Mortgage P&I
82%
$3,352
Property Taxes
14%
$574
Home Insurance
5%
$214
HOA
0%
$0
Property Management
15%
$613
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,021