This property looks like a bad Airbnb investment with a projected -22.46% first-year return on $152k initial cash invested.
-22.46%
Cash On Cash
1.31%
Cap Rate
0.2
DSCR
$2,782
Rent
-$2,841
Cashflow
Cash Flow
$2,782 income − $5,623 expenses = $2,841 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,370
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,782
Total Expenses
$5,623
Mortgage P&I
123%
$3,423
Property Taxes
24%
$660
Home Insurance
7%
$205
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$696