This property looks like a bad Airbnb investment with a projected -17.24% first-year return on $154k initial cash invested.
-17.24%
Cash On Cash
2.21%
Cap Rate
0.36
DSCR
$2,998
Rent
-$2,218
Cashflow
Cash Flow
$2,998 income − $5,216 expenses = $2,218 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,496
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,998
Total Expenses
$5,216
Mortgage P&I
110%
$3,294
Property Taxes
8%
$244
Home Insurance
8%
$238
HOA
0%
$0
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$750