This property looks like a bad Airbnb investment with a projected -17.3% first-year return on $148k initial cash invested.
-17.3%
Cash On Cash
2.26%
Cap Rate
0.37
DSCR
$3,458
Rent
-$2,137
Cashflow
Cash Flow
$3,458 income − $5,595 expenses = $2,137 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%
$6,201
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,458
Total Expenses
$5,595
Mortgage P&I
92%
$3,169
Property Taxes
15%
$525
Home Insurance
7%
$242
HOA
0%
$0
Property Management
15%
$519
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$864