This property looks like a bad Airbnb investment with a projected -19.96% first-year return on $146k initial cash invested.
-19.96%
Cash On Cash
1.52%
Cap Rate
0.25
DSCR
$3,043
Rent
-$2,437
Cashflow
Cash Flow
$3,043 income − $5,480 expenses = $2,437 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,118
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,043
Total Expenses
$5,480
Mortgage P&I
102%
$3,090
Property Taxes
19%
$566
Home Insurance
7%
$215
HOA
5%
$148
Property Management
15%
$456
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$761