This property looks like a bad Airbnb investment with a projected -20.76% first-year return on $148k initial cash invested.
-20.76%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$3,638
Rent
-$2,563
Cashflow
Cash Flow
$3,638 income − $6,201 expenses = $2,563 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,196
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,638
Total Expenses
$6,201
Mortgage P&I
87%
$3,152
Property Taxes
27%
$970
Home Insurance
9%
$331
HOA
0%
$0
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910