This property looks like a bad Airbnb investment with a projected -20.01% first-year return on $155k initial cash invested.
-20.01%
Cash On Cash
2.16%
Cap Rate
0.33
DSCR
$3,641
Rent
-$2,576
Cashflow
Cash Flow
$3,641 income − $6,217 expenses = $2,576 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,641
Total Expenses
$6,217
Mortgage P&I
99%
$3,602
Property Taxes
18%
$639
Home Insurance
6%
$228
HOA
0%
$0
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910