This property looks like a bad Airbnb investment with a projected -22.87% first-year return on $148k initial cash invested.
-22.87%
Cash On Cash
0.74%
Cap Rate
0.12
DSCR
$1,762
Rent
-$2,812
Cashflow
Cash Flow
$1,762 income − $4,574 expenses = $2,812 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$123k
Closing costs
1%
$6,170
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,762
Total Expenses
$4,574
Mortgage P&I
177%
$3,122
Property Taxes
22%
$389
Home Insurance
12%
$219
HOA
0%
$0
Property Management
15%
$264
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$440