This property looks like a bad Airbnb investment with a projected -18.33% first-year return on $155k initial cash invested.
-18.33%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$3,876
Rent
-$2,368
Cashflow
Cash Flow
$3,876 income − $6,244 expenses = $2,368 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,523
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,876
Total Expenses
$6,244
Mortgage P&I
92%
$3,580
Property Taxes
15%
$568
Home Insurance
6%
$236
HOA
0%
$0
Property Management
15%
$581
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$969