This property looks like a bad Airbnb investment with a projected -16.57% first-year return on $146k initial cash invested.
-16.57%
Cash On Cash
2.21%
Cap Rate
0.37
DSCR
$3,182
Rent
-$2,013
Cashflow
Cash Flow
$3,182 income − $5,195 expenses = $2,013 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,084
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,182
Total Expenses
$5,195
Mortgage P&I
95%
$3,008
Property Taxes
13%
$428
Home Insurance
7%
$224
HOA
0%
$8
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796