This property looks like a bad Airbnb investment with a projected -21.42% first-year return on $149k initial cash invested.
-21.42%
Cash On Cash
1.14%
Cap Rate
0.19
DSCR
$2,703
Rent
-$2,668
Cashflow
Cash Flow
$2,703 income − $5,371 expenses = $2,668 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,260
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,703
Total Expenses
$5,371
Mortgage P&I
117%
$3,156
Property Taxes
26%
$691
Home Insurance
8%
$227
HOA
0%
$0
Property Management
15%
$405
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$676